Fundamental:
CAD: Latest BOC rate is maintained at 1%. This further pressure CAD as it coupled with slow NAFTA progress.
Technical:
Uptrend channel persist after BOC rate is maintained at 1.0%
Price is now at the bottom of the channel.
Target 1R lower than previous high, but if price broke the level, next target is below weekly resistance 2R
CAD: Latest BOC rate is maintained at 1%. This further pressure CAD as it coupled with slow NAFTA progress.
Technical:
Uptrend channel persist after BOC rate is maintained at 1.0%
Price is now at the bottom of the channel.
Target 1R lower than previous high, but if price broke the level, next target is below weekly resistance 2R