Thu, 23 Dec 2021 10:30:23 GMT
USD/CAD plummets due to fundamentals
During Wednesday's afternoon, US Final GDP, Consumer Confidence and Building Starts data showed contradicting information, which was represented by a wide hourly candle. The rate bounced between the borders of the minor scale channel down pattern until the pattern's support broke.
The event was followed by a sharp decline to the support levels at 1.2835/1.2850. However, on Thursday morning, the