Bank of Canada rate decision is due in 10 minutes. 96% of analysts say the BoC will hike and market has priced in a 25bps increase. I am not so sure and if they do not hike then USDCAD will take off. Yesterdays daily candle was a bearish hanging man so technically we are set for lower but I would buy any dips back to 1.04 area. Tom (Trader Dante) pointed out the similarity in the chart to Sep/Oct 2008 and the same levels.
CADJPY is perched on 82.00 support. A break below this level and trendline support has a fib target of 78.25 and a measured move target of 77.40
EURCAD is a very interesting chart, a break of the long term weekly trendline resistance. I would be looking to buy dips and looking for price action at the 1.3330-50 area
The break of the 87.00 level is a biggie, 4hr chart is a bearish wedge at that level and we look set for lower. I am bearish unless it gets back above 88.00
AUDUSD balance stopped out (-0.5R)
USDCAD long 1.0380 stop 1.0350 - 1/2
GBPJPY short 133.90 stop 1.3450 - 1/2