30.07.2014 10:10 USDCAD
USDCAD: pair attempts to renew yesterday’s maximum of 1.0866
Buy on a level breakthrough of 1.0866 with 1.0950 target. Stop loss = 1.0816.
Reason for the trading strategy.
Today, market participants’ attention will be drawn not only to the assessment of US GDP for Q2 of 2014, but also to the decision of the US Federal Reserve on the key interest rate and QE3 asset purchases program. Moreover, a statement by J. Yellen on inflation and future growth rates of the US economy can significantly increase the volatility of the Loonie. On a level breakthrough of 1.0866, it is worth considering buying the world’s reserve currency.
USDCAD, Daily
