UPDATE 2: Target 2 Hit. Profits Booked on Second Position.
2 CADJPY Short Positions Triggered with a dip down below the 200 on H1 TF.
- Recent OIL Prices Devaluation, Canada's Seemingly Recessive Economy and Risk Aversion Vibes are all factors that may contribute to a weaker CAD.
- BoC is expected to cut rates this Wednesday.