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).
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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.