Others,Others,Others,Others,Others,Others

Overall, USD/CAD is trending downwards. Recently, USD/CAD has moved higher, breaking the resistance level of 1.39800. Yesterday, the Bank of Canada (BoC) held interest rate unchanged at 0.25%. In addition, the BoC announced several new measures to help ease pressure on Canadian borrowers: - Increasing the level of purchases of Government of Canada securities per week in the secondary market. - Temporarily increasing the amount of Treasury Bills it acquires at auctions to up to 40%. - New Provincial Bond Purchase Program of up to $50 billion to supplement the Provincial Money Market Purchase Program. - New Corporate Bond Purchase Program to acquire up to $10 billion of investment grade corporate bonds in the secondary market. USD/CAD’s next support level is at 1.39800 and the next resistance level is at 1.42250.