Poloz talks hawkish, USD/CAD fast approaching long-term 38.2% Fib

Poloz sees inflation on target this year… sees higher rates in future. CAD is on fire…38.2% Fib R stands at 1.2672. Also take note of the head and shoulders breakdown.

Monthly chart

USDCAD M1 (07-12-2017 2110).png

 

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