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Bank of Canada left overnight rate at 1.25%, as widely expected. They see higher rates over time but will proceed with caution. USD/CAD jumped, found resistance at 1.265 and then stabilized about 75 pips above pre-release levels. The pair's currently trading right at 200 DMA and above the initial support at 1.26.
Community Blog
23 JAN 17 | AUDNZD TRADE SETUP UPDATE
Hello fellow traders and community members,
This is an update to the trade setup on AUDNZD discussed on 22 Jan 17. If the pair closes the day below the rising trendline then the setup fails. So stay cautious if you are going long in this pair.
AUDNZD DAILY CHART
Happy trading to all.
This is an update to the trade setup on AUDNZD discussed on 22 Jan 17. If the pair closes the day below the rising trendline then the setup fails. So stay cautious if you are going long in this pair.
AUDNZD DAILY CHART
Happy trading to all.