USDCAD
Sept. 9, 2015, 11:21
Sell on a level breakthrough of 1.3114 with 1.3060 target. Stop loss = 1.3164.
Reason for the trading strategy
Preservation of the Bank of Canada's key interest rate at 0.5% expected today could support the Loonie. The stabilization of oil prices at a level of about 15% above the current year's low forms the preconditions for growth of Canada's trade balance in September.
Sept. 9, 2015, 11:21
Sell on a level breakthrough of 1.3114 with 1.3060 target. Stop loss = 1.3164.
Reason for the trading strategy
Preservation of the Bank of Canada's key interest rate at 0.5% expected today could support the Loonie. The stabilization of oil prices at a level of about 15% above the current year's low forms the preconditions for growth of Canada's trade balance in September.
USDCAD: consolidation before the Bank of Canada's meeting
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