7.03 - are you seeing the surge of CAD today?
- by Anna K.
Those who are still following the movements of CAD must have noticed the enormous effect that the report on interest rates had on the currency. Yesterday the Bank of Canada decided that the interest rates are going to stay the same and now everyone predicts that the currency can become a little bit weaker over the next few days. It seems that with growing oil prices and overall world-wide tension USD/CAD trading is going to be a rocky one.
Look at the chart! Do you see the surge? That happened right at the time of the report. And the effect and climb of the graph is still ongoing so it is a perfect opportunity for us to trade with something more or less stable in its climb.
What direction is going to become dominant with CAD? Use our new accurate trading signals to find out!