USD/CAD Suffered a Serious Blow and Declines After fed Rate Cut

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

USD/CAD: The pair is trading in red today as USD suffered a serious blow in the international market over unexpected fed rate cut last night. This combined with sharp gains in the crude oil price since the trading session began for the week helped CAD gain momentum and keep price capped below the 1.335 handle. Traders now await US data and BOC interest rate decision for directional cues and short term profit opportunities. 

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