NAFTA talks continue today
The BOC is done and kept the door open for future rate hikes with an eye on trade talks and other trade related risks.
The price is trading above and below the longer trend line on the hourly chart. Below is a lower trend line (see blue numbered circles) at 1.3153, and a double top at the 1.32075. Traders will be eyeing those levels for the next clues.
The pair remains concerned about the NAFTA talks. They are resuming today and the chatter is the hope for a Friday completion. Headlines will dominate. We saw in the UK Brexit headline today, the risk from a headline can be sudden and sharp. So take that risk into consideration in your trading. If it is not your cup of tea, stand aside.