Technical on the chart.
Fundamentals:
After BOC Poloz comments. Puts the Bull back in control in this pair.
He Repeats that drop in oil prices very significant shock for Canada
He Repeats that oil price drop is front-loaded, one-time shock
Aiming for highs 1.9100s
Not for a new highs for this pair. If we get more hawkish tone from BOE that could be case but for now aim for mid line of fork.
Fundamentals:
After BOC Poloz comments. Puts the Bull back in control in this pair.
He Repeats that drop in oil prices very significant shock for Canada
He Repeats that oil price drop is front-loaded, one-time shock
Aiming for highs 1.9100s
Not for a new highs for this pair. If we get more hawkish tone from BOE that could be case but for now aim for mid line of fork.
