36
Watching CAD after recent jobs data and its impact on BOC next moves
The latest Canadian jobs report came in stronger than anticipated, which, combined with the BoC's recent somewhat hawkish tone, makes me lean towards CAD strength against other majors on my watchlist, particularly against the EUR. While $EURCAD is at 1.60778, I'm waiting to see if this strength translates into a retest of lower levels for a potential entry.
1 comments · 36 points
I'm also looking at CAD strength, though I'm curious if the market has fully priced in the jobs data given the BoC's history of caution. Do you see a significant upside for CAD beyond the current technical resistance?