Technically Speaking
The pair is coming up on a confluence of support, the 100 DMA and the 1.30 level.
If one is looking to get long, I would watch and see how it handles that level.
Fundamentals
The Bank of Canada's statement is at 9:00 a.m CST on Wednesday the 17th. Be mindful of major economic events before taking trades.
Quote
"You miss 100% of the shots you don't take"
Wayne Gretzky-Hockey great
The pair is coming up on a confluence of support, the 100 DMA and the 1.30 level.
If one is looking to get long, I would watch and see how it handles that level.
Fundamentals
The Bank of Canada's statement is at 9:00 a.m CST on Wednesday the 17th. Be mindful of major economic events before taking trades.
Quote
"You miss 100% of the shots you don't take"
Wayne Gretzky-Hockey great
