I'm watching this pair like a hawk! Really want to get in short on it but not sure about the 130 level, think it might head north to around the 134-13450 area before reversal? I see it's taken a small beating of 40 pips after the BOC rate announcement.
Joined Nov 2012
the public relations machine in canada is so "refined" in that, even if economic conditions were terrible in this country we could make it seem like it is rosy here and thats all that matters. Carney is the perfect example of this. Harper approved the deal he also said he will NOT APPROVE any future deals... (that should be CAD negative) but what does the market do? CAD strengthens. Canada has gotten so good at delivering news that all news is good news. There's no such thing as bad news for Canada.
edit: it doesnt even matter what the news is just the way its delivered haha