SasoKlobucaric

USD/CAD forecast 3 September 2014

FX:USDCAD   U.S. Dollar/Canadian Dollar
The hottest event today was the Bank of Canada rate decision. The central bank maintained overnight rate target at 1 per cent despite quite good recent Canadian numbers like GDP data that came out in a better shape than markets had expected last Friday. So, there was no stronger price movement in terms of market reaction at 16:00 Central European Time when the announcement was made.

Vulnerable technical support: 1.0853
Strong technical support: 1.0800

My strategy: stay aside
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