USD/CAD technical analysis: Retakes one.33, still unfree in associate degree ascending triangle part 2
Meanwhile, Triangulum 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 escape 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 done without sign additional easing.
His non-committal stance was valid by the minutes discharged Wednesday, that showed the officers were reluctant to start out a full-blown easing cycle.
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