capitalpropertiesfx

USDCAD ahead of BOC press conference

FX:USDCAD   U.S. Dollar / Canadian Dollar
46 0 0
It is going to be an interesting evening if you plan to trade Canadian dollar             . I'd say it is very difficult to predict what we might hear from BOC             but by looking @ usdcad             , I'd say the market is positioning for bad news (for CAD). The pair is pushing higher and in the same time USDJPY             is taking things a bit slower, so I'd say it is not purely USD move but instead it is driven by flows that move out of Canadian dollar             - but that is my personal opinion.

From the technical point of view I'm looking for values above 1.0800 (all the way up to 1.0858).
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