The Bank of Canada is likely to leave interest rates unchanged at 1.25%, but markets are likely to move. The event on April 18 at 14:00 GMT consists of new forecasts and a press conference by Governor Stephen Boloz and Representative Caroline Wilkins of 15:15 GMT.The Ottawa-based institution has many things to keep in mind.Four reasons to welcome1) North American Free Trade Agreement (NAFTA): In the previous rate decision and in the ensuing public appearance, Bolouz expressed concern about the …
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CAD/USD
Canadian Dollars
The most important things that the pair ended his time cycle in exchange for the end of his fifth wave
It reached a very strong support area between 1.2330 and 1.2210
I expect the pair to bounce back to 1.2720
The most important things that the pair ended his time cycle in exchange for the end of his fifth wave
It reached a very strong support area between 1.2330 and 1.2210
I expect the pair to bounce back to 1.2720
CAD/ US
Canadian Dollar
The closing of the day will determine the fate of the pair significantly during the coming period the price to reach a strong demand and I think that the end of the wave of the last impulse and begin to correct or climb again from the levels of 1.2650 to 1.2460 correction may reach 350 points as shown in the chart
The closing of the day will determine the fate of the pair significantly during the coming period the price to reach a strong demand and I think that the end of the wave of the last impulse and begin to correct or climb again from the levels of 1.2650 to 1.2460 correction may reach 350 points as shown in the chart
Careful Canadian dollars, it could begin to climb
Tools Used
Horizontal and vertical lines
Support and resistance lines
Chart Pattern
Better entry levels, as shown in the chart
Horizontal and vertical lines
Support and resistance lines
Chart Pattern
Better entry levels, as shown in the chart