Beware this pair, is currently behaving contested to supporting the cad, somethng not noticed as some months by BOC comments that suddenly shifted their status.
C$0.98 is reasonable for them and is rigth, this likely caused that crazy retracement. And probably to continue with tomorrow news.
News appears in favor of CAD today with oil and gold bad numbers for US, although up. Market appears bid for the time being. What do you think, will this break past 1.0120? Or will we see the pair retrace back near 1.0020?