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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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.
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.