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Back Fundamental analysis
USD/CAD. Analysis and Forecast
The USD/CAD pair is finding support
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The USD/CAD pair is finding support at its weekly low, halting the pullback from its highest level since May 2020.However, current prices are struggling to gain significant momentum. Traders anticipating upward movement should remain cautious due to mixed fundamental signals.According to data released on Tuesday, Canada's annual inflation rate increased more than expected. This caused investors to lower their expectations for a significant interest rate cut by the Bank of Canada in December. Consequently, this event can be viewed as
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