Short on CAD weakness against safe heaven CHF
Fundamental:
1. Slow NAFTA progress negatively impact CAD
2. Dovish statement from BOC negate increasing Oil price on CAD
3. Expect more dovish statement from BOC Poloz statement tonight
Technical:
1. Break weekly significant level and clear downtrend on D1
2. Target is Daily level (1R) and Daily level for (2R)
1. Slow NAFTA progress negatively impact CAD
2. Dovish statement from BOC negate increasing Oil price on CAD
3. Expect more dovish statement from BOC Poloz statement tonight
Technical:
1. Break weekly significant level and clear downtrend on D1
2. Target is Daily level (1R) and Daily level for (2R)
Trade active
Trade closed: stop reached
Trade hit SL due to CAD news.
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