Analysis

USD/CAD Daily: Bank of Canada in play and trade deal looming?

We, including our subscribers (we take the same trades we suggest) are short USD/CAD from 1.3145. Rationales at the time of entry: 1) Bank of Canada in play based on the recent Deputy Governor’s hawkish speech, and 2) a trade deal with the US…and of course the Wave setup below that has played out nicely so far. But as we all know, one Tweet from President Trump can change all that. :)

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