Expectations stood on a growth rate of 0.2%. USD/CAD fell to parity but is bouncing back up.
Parity has provided support several times this week.
The Canadian dollar has been on the back foot since the dovish BOC decision.
USD/CAD is now trading at 1.0015, after sliding towards parity, which wasn’t broken. The pair only reached 1.0002.
Resistance appears at 1.0055, followed by 1.01. If parity is broken, 0.9950 is the next line, followed by 0.9880.
For more, see the Canadian dollar forecast.
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