Yesterday we saw an extraordinary cut in the interest rate with 50 bp by the FED.
Today is BoC's turn - they are likely to repeat the 50 bp reduction or they go even further by cut the interest rate with 75 bp.
This will cause the USDCAD to rise to 1.3475 and break to 1.3520.
Today is BoC's turn - they are likely to repeat the 50 bp reduction or they go even further by cut the interest rate with 75 bp.
This will cause the USDCAD to rise to 1.3475 and break to 1.3520.
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Disclaimer
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.