USD/CAD PRICE ANALYSIS: BEARS ABOUT TO MAKE A MOVE AT COURAGEOUS BULLISH RECOVERY

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USD/CAD bulls come up to meet resistance on the correction of the BoC induced sell-off.

USD/CAD bears eye a downside extension on a break of 15-minute support area between 1.3370 and 1.3360.

The Canadian Dollar popped to a four-week high vs. the Greenback on Wednesday after the Bank of Canada said it would continue to raise interest rates next month after it tightened for the first time since January. The BoC showed its hand to the market as it warned that inflation could get stuck significantly above its 2% target amid persistently strong economic growth

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