USDCAD shoots higher | Forex Factory

  • USDCAD shoots higher

    From forexlive.com

    The USDCAD has shot up about 80 or so pips in the last hour of trading. Oil prices have been declining today with WTI down 3% to 49.87. There was also some headlines on a newswire taken from the Bank of Canada's annual report. Those headlines attributed to BOC governor Poloz said "monetary stimulus needed to avoid recession" and "Canada economy trying to grow and significant headwinds". I would think these comments are more of a summary for what happened in the past (i.e., stating the obvious) vs. something new now. In any case the pair shot up to just above the 38.2% retracement of the move down from the March 18 ... (full story)

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traderathome
Mar 27, 2015 11:55am
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Late call!
http://www.forexfactory.com/showthread.php?p=8169982#post8169982
http://www.forexfactory.com/showthread.php?p=8170058#post8170058
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Kingofkings
Mar 27, 2015 12:46pm
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Looking at the price action of USD/CAD within the last 10 minutes or so, I can see signs that it wants to come down. I don't think the price will push past the resistance of 1.26140 ; I've a sell order pending around that price.
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usdoutlaw
Mar 27, 2015 1:45pm
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Quoting Kingofkings
Looking at the price action of USD/CAD within the last 10 minutes or so, I can see signs that it wants to come down. I don't think the price will push past the resistance of 1.26140 ; I've a sell order pending around that price.
Shorting with 2 hours left in the week. Smart.
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henryfekok
Mar 27, 2015 1:29pm
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How about Yellen speak then?
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Kingofkings
Mar 27, 2015 4:12pm
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I canceled it before the pending sell order hit. Price action is now showing sign of strong upward movement. Market closed!
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