USDCAD Long Setup: Assessing Volatility Ahead of BoC Decision

U.S. small business optimism dipped to 95.3 in May, falling short of expectations and pointing to lingering operational hurdles [1][2]. This cautious macroeconomic backdrop coincides with a broader tech-led retreat, driven primarily by investor anxiety over soaring AI capital expenditures. Meta Platforms has felt this pressure acutely, shedding value following reports of a potential multi-billion dollar stock sale to finance its aggressive infrastructure expansion [3]. Similarly, Microsoft has slid despite deploying its Copilot AI to over half a million healthcare workers, highlighting a market that is demanding immediate monetization over long-term promises [4][5]. In the currency space, the Euro is…