USDCAD back to the top of the range
BOC Interest rate decision in about 4 and a half hours.
Market pricing in a cut of 50bp.
What if BOC cuts lower than 50bp? Will it cause an influx of funds back into CAD that is in a downtrend since early October?
USDCAD is knocking into a resistance that date back years.
Will it be a swing reversal trade or will USDCAD finally break through this resistance?
What do you think?
Market pricing in a cut of 50bp.
What if BOC cuts lower than 50bp? Will it cause an influx of funds back into CAD that is in a downtrend since early October?
USDCAD is knocking into a resistance that date back years.
Will it be a swing reversal trade or will USDCAD finally break through this resistance?
What do you think?
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