Yesterday was a great day for trading the CAD, there were a lot of important indicators published:
Employment Change, which did not met expectations, although much better than previous month, Unemployment Rate, which performed better than forecasts. The effect of these numbers were amplified by the publication of the most important USA indicators, Unemployment rate, NFP and Average hourly earnings. Except the NFP, which performed really good, the other two indicators were slightly below expectations. The combined effect on the USDCAD was an intense depreciation of the pair, 152 pips until now, and no sign of slowdown. I was thinking about trying my luck on the USDCAD yesterday, but as I knew, that I would have no time to check the trades periodically, I postponed the trades to next week.
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