MarcellusLUX

USD/CAD slumps after hawkish BOC event, but a recovery is likely

Panjang
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FX:USDCAD   Dolar A.S. / Dolar Kanada
Yesterday, BOC was more hawkish in their statement than expected.
Quite naturally, the Canadian Dollar appreciated against almost all the major currencies.

USD/CAD also took a hit and dropped more than 180 pips after the event.


However, you can see the price has been consolidating in a support level.
Chances are, this support level will hold and price will make a decent recovery.

So, a buy trade between 1.2470-1.2501 with SL below the support and TP at 1.2650
is quite possible.
Dagangan aktif:
Bought@1.2482
Penafian

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