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Technical Analysis Posted 4 hours ago

USD/CAD: Neutral Bias as BoC Holds Rates, Inflation Cools

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USD/CAD consolidates near key levels following the Bank of Canada's unchanged 2.25% rate decision and dovish shift. Cooler inflation data has reduced July hike expectations, supporting softer CAD. Watch for breakout above resistance or breakdown through support as market digests reduced tightening probability. Neutral-to-bearish setup.
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