Does anyone know what caused the “120 pips GDP rocket” ?
Canadian released GDP numbers were below forecast.
Another USDCAD pip rocket coming…or is it not…? 
13:30 GMT CAD Building Permits M/M Sep
15:00 GMT CAD Ivey PMI Oct
Todays USDCAD range 1.0677 - 1.0584
Oil is hugging minor S&R around 80.46
Interesting Thursday coming up I reckon.
Bounced right off of the resistance trendline…
And the way oil is consolidating, looks like a big flag to the upside on daily chart…the trend is still up for the year.
There ya go…last friday’s repeat…another “120 pips rocket” it was…:D:D:D
Just reading my previous post and took a look at the chart…doesn’t make sense. Meant to put a chart of oil . Light on the CAD economic data front for the rest of the week.
Yeah…another “120 pip rocket” coming friday would be nice. That would be the third in a row and one could start calling it a regular occurring event.
Sellers have been “marking down” usdcad for about 2 weeks. Smart buyers are keeping their ears to the ground and money in their pocket until the “sale” starts.
USD/CAD: Bullish on the pair. Next target: 1.3160