- 2nd BOC rate cut last night to 0.50% pushed USD/CA above Mar2015 high at 1.2834. Currently trading at 1.2932.
- Mar2009 post-subprime crisis high at 1.3063 within sight. Do not expect an easy runaway break though.
- Strong trending USD/CAD often a good indicator of presence of a dominant underlying market theme (eg CAD weakness in face of declining Oil). Chart telling us something major is going on (divergent monetary policies) or about to happen.
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