USD/CAD continues to lose ground….

The 4-hour chart below shows a solid downside break of the falling channel… the RSI is oversold. A corrective pull back could be seen, but is likely to face stiff resistance at 1.2806 and 1.2859. Its a sell on rise trade, so bears could make a come back anywhere between 1.2860-1.29.

Poloz tried his best at the end to stall the rise in CAD by saying the bank would not predict if the rates could go up further this year. But it is clearly not working…

USDCAD H4 (07-12-2017 2135).png

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