Traders,
BOC rate decision later today after US session.
50% bet on that BOC will raise rate again since July.
I dont usually trade on such event, acting like an ant on a hot pan.
I like to see what will happen after that.
ONLY TWO POSSIBILITIES:
a. BOC raise rate.
USDCAD drop to break the support and dig down to weekly support zone.
b. BOC do not raise rate, market expectation move to next month
USDCAD could hit the long term trend-line again which give you a possibility to join the party for next month.
Less is more!
BOC rate decision later today after US session.
50% bet on that BOC will raise rate again since July.
I dont usually trade on such event, acting like an ant on a hot pan.
I like to see what will happen after that.
ONLY TWO POSSIBILITIES:
a. BOC raise rate.
USDCAD drop to break the support and dig down to weekly support zone.
b. BOC do not raise rate, market expectation move to next month
USDCAD could hit the long term trend-line again which give you a possibility to join the party for next month.
Less is more!
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