USD/CAD moved lower as traders reacted to BoC Interest Rate Decision

USD/CAD Moves Lower After BoC Decision

USD/CAD pulled back as traders reacted to BoC Interest Rate Decision. Canada’s central bank cut the rate from 3.00% to 2.75%, in line with analyst estimates.

The nearest support level for USD/CAD is located in the 1.4330 – 1.4350 range. If USD/CAD declines below the 1.4330 level, it will head towards the support level at 1.4180 – 1.4200.