TradePlus-Fx|USDCAD: BoC meeting

Long

US-Dollar / Kanadischer Dollar (FX:USDCAD)

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FX:USDCAD US-Dollar / Kanadischer Dollar

trendanalysis chartpattern beyondta usdcad cadjpy boc fed xauusd ukoil brent wti forex

💬Description: Today, the Central Bank of Canada will announce its decision on interest rates. The rate is expected to remain at the same level. Against this background, we continue to adhere to our previous trading idea for USDCAD, namely to look up (look at the chart). But most likely, there will be volatility during or after the meeting of the Central Bank of Canada, then the pair is most likely to roll back down. The expected movement is thus depicted on the chart. As a result, the more global target remains the same, and we expect growth to 1.38271 level.

🔔FX CALENDAR TODAY🔔
🇺🇸New Home Sales
🇨🇦BoC Interest Rate Decision
🛢Crude Oil Inventories
🇨🇦BOC Press Conference
🇪🇺ECB President Lagarde Speaks
🇺🇸Fed Chair Powell Speaks

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