Hello Guys, Hope you have enjoyed previous profitable trades/
Here i have another potential trade idea: USD/CAD is trading just below a strong resistance level of 1.3095 and consolidates in a trading range of 1.3120 – 1.3070 as we can see in the trading chart given below.
CAD: Overnight Rate
I am expecting that bank of Canada will keep the overnight rate unchanged, especially after betterment in Oil market. Here, unchanged rate is likely to make CAD bullish & ultimately bearish currency pair.
Pivot Point: 1.3083
Good to Sell Below 1.3100
2nd TP: 1.3055