The area around 1.3200 looks good on the tech
That's some pop on just a mere mention of a rate cut. The comment seemed nothing more than the usual central bank claptrap of "we can go both ways if risks appear blah blah blah".
USDCAD daily chart
I like this area technically, and as I'm not seeing anything major from his comments I've dropped in a small short at 1.3182 and will drop a bit more at 1.3195. I'll stop it out above 1.3220.
As for a profit target, I'll nurse it down but I'd like to get near 1.31 or better.
