USD/CAD forecast 3 September 2014
The hottest event today was the Bank of Canada rate decision. The central bank maintained overnight rate target at 1 per cent despite quite good recent Canadian numbers like GDP data that came out in a better shape than markets had expected last Friday. So, there was no stronger price movement in terms of market reaction at 16:00 Central European Time when the announcement was made.
Vulnerable technical support: 1.0853
Strong technical support: 1.0800
My strategy: stay aside
Vulnerable technical support: 1.0853
Strong technical support: 1.0800
My strategy: stay aside
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