USDCAD Trade Idea with BOC This Wednesday
I don't usually trade any central bank meeting but my technicals in this case are really suggesting some further downside pressure with this pair.
Technical Indications Include:
Fundamentals Include:
Technical Indications Include:
- Evening Star Formation with the last 4 candles on daily
- RSI Below 50
Fundamentals Include:
- Inflation cooling off
- Oil showing signs of a bottom
- Equity market may spark additional risk-on sentiment which supports commodity currencies.
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