Final Wednesday, the Financial institution of Canada left its key rate of interest unchanged, at 1.75%. In a press release explaining the choice to go away rates of interest unchanged, a way more cautious tone is used than in earlier statements. On Thursday (13:50 GMT) Financial institution of Canada Governor Stephen Poloz will ship a speech. The comfortable rhetoric of Stephen Poloz concerning the financial institution’s financial coverage will additional weaken the Canadian greenback.
USD / CAD maintains a optimistic development, buying and selling within the ascending channel on the weekly chart, the higher restrict of which is above the resistance stage of 1.3600. Above the important thing help stage of 1.3025 (ЕМА200 on the each day chart) a bullish development stays.
In case of breakdown of the resistance stage 1.3450 (Fibonacci stage 23.6% of the downward correction to the expansion of the pair within the international uptrend since September 2012 and zero.9700).
The expansion targets would be the resistance ranges of 1.3600, 1.3790 (2017 highs). Lengthy positions are most popular.