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USD/CAD Rate Forecast: March Low on Radar Amid Search for Support 2021-04-26 14:30:00 David Song, Strategist Canadian Dollar Talking Points USD/CAD trades to a fresh monthly low after failing to retrace the decline following the Bank of Canada (BoC) meeting, and the March low (1.2365) sits on the radar ahead of the Federal Reserve interest rate decision as the exchange rate searches for support. Advertisement USD/CAD Rate Forecast: March Low on Radar Amid Search for Support USD/CAD carves a series of lower highs and lows as the BoC is on track to taper its quantitative easing (QE) program “effective the week of April 26,” and the bearish price sequence may persist as the Federal Open Market Committee (FOMC) is expected to retain the current course for monetary policy.

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