Bank of Canada stood pat at yesterday's meeting. Similarly to the RBA on Tuesday, they could've spinned monetary policy statement more dovish in current conditions if they had wanted to, but they didn't. However, it's all about trade wars currently and USD/CAD proceeded to make a marginal new high before some positive news on tariff exemptions for Canada hit the wires. Technically, 100 WMA ahead of historically proven 1.30 - 1.305 area looks strong enough to cause the pair to retrace a bit more before probably another attempt at the area. 1.275 - 1.28 is a potential support.
