Usd/cad

Just placed a long at .1522, shot to .1533 in 3 seconds hahaha

Anyways, should be a good week for USD/CAD
Have a good week everyone,
-Kastro
 
This pair has been amazing as of late. Bank of Canada releases interest rate announcement on April 20th. Many expect this will be the last rate hike, and that belief is priced into the market. I say that's rubbish. I think the Bank of Canada will clearly indicate its willingness to raise interest rates for the foreseeable future. USDCAD might even be a good short at these levels... opinions?
 
Quote from pcvix:

Any technical trader seeing a break of the March 3 levels soon?
More...

It's quite possible...If it dips down into the low 13's, I will enter heavy!

-Kastro
 
Hmm. Hasn't been this low since 1992. All I can say is WoW!!!

especially right now since I believe the USD in general is going to start make another come back. Double WoW!!!!

Time to accumulate, and start playing various strategies against the CAD I believe is the more prudent thing.

Though I would not go in heavy just yet, though from experience, I've found it's not good to go in heavy unless you are trading the GBP/JPY pair when it's sunk at it's lowest.

FYI: I believe the US is going to be in a recession towards the end of Bush's term, so going against the CAD is a very good play.

BTW, I'm starting to accumulate at 1.1377
 
On tuesday The Bank of Canada will make it's policy announcement on interest rates.

Could somebody tell me at what time of the day this happens ?

Thanks!
 
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