USD/CAD - Overview as of 29.01.2025

Financial and commodity markets analytics


In terms of potential volatility and new trading opportunities, USD/CAD may be of interest to traders in the next two days. Technically, the instrument is in a sideways movement, however today the the market is waiting for the publication of the Bank of Canada's decision on the key rate, where it is expected to be lowered by 0.25%. It is expected to be lowered by 0.25%. However, tomorrow it will be known about decision made by the US Federal Reserve System. In addition, the attention of market participants will be focused on the comments of the Federal Reserve System on future monetary policy. With the information received by the markets over the next few days, we are almost certainly we will almost certainly see the USD/CAD pair testing the boundaries of the range.