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 🙂