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USD/CAD Big Trade 09.07.2015 +75
CLOSE USD/CAD Big Trade at 1.3215 for +75
Place Order to Sell 1 Lot USD/CAD at 1.3290 TRIGGERED
Place Order to Sell 1 More at 1.3480
Stop for ALL 1.3655
The Bank of Canada has a monetary policy meeting this week and between the recent recovery in oil prices along with the uptick in employment and IVEY PMI, the central bank should sound more upbeat, reversing the slide in the Canadian dollar. The greenback on the other hand could experience further profit taking ahead of next week’s FOMC rate decision providing scope for a deeper reversal in USD/CAD.