USD/CAD Rate Eyes January 2018 Low as RSI Flirts with Oversold Zone

USD/CAD Rate Eyes January 2018 Low as RSI Flirts with Oversold Zone
2021-04-29 14:00:00
David Song,
Strategist
Canadian Dollar Talking Points
USD/CAD trades to a fresh yearly low (1.2281) as the Federal Reserve retains a dovish forward guidance for monetary policy, and the exchange rate appears to be on track to test the January 2018 low (1.2247) as the Relative Strength Index (RSI) flirts with oversold territory.
Advertisement
USD/CAD Rate Eyes January 2018 Low as RSI Flirts with Oversold Zone
USD/CAD carves a series of lower highs and lows as the Federal Open Market Committee (FOMC) pledges to “deliver powerful support to the economy until the recovery is complete,” and the central bank appears to be in no rush to scale back its emergency measures as the economic recovery “remains uneven and far from complete.”

Related Keywords

Canada ,Canadian ,Jerome Powell ,Market Committee ,Federal Reserve ,Canadian Dollar Talking ,Relative Strength Index ,Reyes January ,Federal Open Market Committee ,Chairman Jerome Powell ,Economic Projections ,Sentiment Index ,David Song ,கனடா ,கனடியன் ,ஜெரோம் போவல் ,சந்தை குழு ,கூட்டாட்சியின் இருப்பு ,கனடியன் டாலர் பேசுகிறது ,உறவினர் வலிமை குறியீட்டு ,கூட்டாட்சியின் திறந்த சந்தை குழு ,தலைவர் ஜெரோம் போவல் ,பொருளாதார ப்ரொஜெக்ஶந்ஸ் ,உணர்வு குறியீட்டு ,டேவிட் பாடல் ,