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Adnan Adnan PRO USDCAD, W, Short ,
USDCAD: Hoping for a Loonie turnaround against the greenback!
88 0 0
USDCAD, W Short
Hoping for a Loonie turnaround against the greenback!

The BoC’s (Bank of Canada) to reduce interest rates came as a bit of a surprise, but has given impetus to the US$ to extend its bull run against the loonie. The interest rate hike came early July, when the market was caught brooding ( as shown by the higher upper whisker of the candle just prior to interest rate increase – the formation is somewhat akin to a ...

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