USD/CAD a few pips away from the May high
Keep an eye on USD/CAD as oil prices sink.
The May high is 1.2997 with the high so far today at 1.2987. The Bank of Canada decision is next week and it's clear to me that no hike is coming and I don't see why the BOC should be in any kind of rush to make a move.
A break of the May high would clear the way for a retrest of the April peak of 1.3124, if not more.
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