USD/CAD technical analysis: Retakes one.33, still cornered in associate degree ascending triangle part 2
Meanwhile, the Triangle breakdown would imply n finish of the rally from the July nineteen low of one.3016.
As of writing, the higher fringe of the ascending triangle is found at one.3345 and also the support is seen a one.3269.
The jailbreak might happen later nowadays if Federal Reserve's President Powell once more dashes hopes of associate degree aggressive easing within the near-term. Powell cut rates last month by twenty five basis points, for sure, however relinquished signal more easing.
His non-committal stance was valid by the minutes free Wed, that showed the officers were reluctant to begin a full-blown easing cycle.
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