Another day, another big figure for USD/CAD via ForexLive

A central bank surprise can be a godsend for an FX trader.

Few if any were betting on a Bank of Canada rate hike on January 20 and that means not many traders grabbed the 300 pip initial rally.

But central bank surprises tend to have much more than a 2 hour shelf life. Since the close on Jan 20, USD/CAD has gained another 300 pips and continues to roar.

There is still no real technical resistance until close to 1.30. I think 70-80 pip dips are to be bought.

posted via ForexLive