USDCAD Short after important news

FX:USDCAD   U.S. Dollar / Canadian Dollar
The last month USDCAD             ranged in a triangle from which a possible down outbreak is coming.
BOC             Gov             Poloz, (14 hours ago) had some good news for the CAD, which can be seen in the chart.
In 6.5 hours Fed Chair Yellen has to bring up something for the USD or the trend should be clear here.
Once technicals and fundamentals align we can take a strong trade :)

I will try to sell into the fakemove if possible.

Yours, DogeBuffet

p.s. For anyone who wants to read Poloz speech:
It's exactly what I have in mind ! If there's another leg up and that the BOC doesn't implement a new rate cut next week we should be all set for a nice correction !
+1 Reply
DogeBuffet pascalde-aguiar
Yes! and Yellen is coming on soon :)
IvanLabrie DogeBuffet
Yellen and Draghi in the house...will trade the outcome. Hopefully FX trends resume.
Even though the event is not quite finished It looks like it's not happening. The Feds don't seem to want any USD price hike at the moment. Yesterday's speech was very blurry and non-committing sending us back in the 1.24 muddy area. The Canadian data coming up tomorrow will probably move the market quite a bit more.
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