Currencies

CADJPY rate decision

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Today (10.07.2019) will be realeased CAD rate decision. All fundamental data and my personal technical analysis show that rate will not be changed. This means that at the news time will be spike up (because it is positive for CAD) but not high because this unchanged rate expected by investors. So , in this situation technical analysis will drive the move – this means that divergence and moves higher than MA100 will do this sequence: first divergence – sell, and then up – when price touches MA.

Short Opportunity for this week AUDCAD,

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