CAD is over.. and the Bank of Canada has decided to save its dry poweder for another day. The benchmark rate remains on hold at 0.50% even as the central bank cuts its GDP forecast.
BANK OF CANADA MAINTAINS BENCHMARK INTEREST RATE AT 0.5% BANK OF CANADA CUTS 2016 GDP FORECAST TO 1.4% FROM 2%
Long USD short CAD at market 1.4535...target around [1.50;1.51] it could go even higher.. in this case let the profit roll until the next decision rate by the Bank of Canada
Comments
E-Trend
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STOP loss , wrong set up ...lets reverse then
wwfm
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I would disagree with that, we will see some pull back but in general yes this pair will go higher. For now I did closed all my positions with good profit and will watch market