Could we see further rate hikes? USD/CAD

If we get a positive business outlook for the canadian economy, we could see the possibility of rate hike by the BoC

This would further strengthen the CAD.

A retest of 1.2450 resistance before heading lower toward 1.2280 support is likely

Trade stängt manuellt:

While we could see further strength in the CAD/weakness in the USD
The more cautious approach would be to close this trade, with 20pips profit

Re-evaluating for the next trading opportunity.