USDCAD | BOC Will Decide On The NEXT MOVE

USDCAD | BOC Will Decide On The NEXT MOVE

As we can see today USD is showing strength by pushing CAD
up again.
The probability is very high that the price could reach on of the resistance zone
shown on the chart.

The fist reason is that USD is still strong and it is recovering in the market and
the second reason is the BOC - Bank of Canada today and they will decide about the
Interest Rate Decision and the "BoC Rate Statement ".

After the news I am expecting a strong CAD, however we have to be patient and to see
what may happen.

Thank you and Good Luck!