USD/CAD is Trading Flat with Slight Dovish Cues as USD Weakens on Fed’s Decision

USDCAD Hourly (H1) Chart
USDCAD Hourly (H1) Chart

USD/CAD: The pair is trading mostly flat with slight dovish cues as USD weakened on the Fed’s decision for unlimited purchase of treasury bonds. Reports of possible US- Saudi Arabia alliance helped crude oil price decline come to a halt helping CAD gain some strength. For now, the price remains steady above 1.44 handle while traders await US PMI’s and crude oil stockpile data for short term profit opportunities. 

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