BOC Rate hike!

The BOC have raised interest rates to 1.0% from 0.75%, sending USDCAD through the floor. We’re now looking for a short setup:

  • 61.8% / MM2 – Unlikely
  • 50% and through the S1/structure – possibly
  • 38.2% with S1 as a backup – I like it!

Let’s see how this plays out 🙂

USDCAD

USDCAD-06.09.17

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