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The Canadian Dollar waited for the Fed and got paid
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FXStreet Forex & Commodities News
The Canadian document landed at 17:30 GMT into a rate sitting near the 1.4100 handle and left it exactly there, unmoved.
That is a meaningful narrowing of the expected gap from the American side.
A soft PCE print extends today's move and puts the 1.4000 handle in play before the week is out.
Support: The 1.4000 handle is the objective, with the 50-day exponential moving average band tracking just above it.
Sell rallies with the 1.4000 handle as the objective, invalidation on a daily close back above 1.4100.