Trade closed manually before BOC.

I have manually closed yesterday's NZD CAD trade for a profit of +0.7, to avoid holding risk before the BOC interest rate decision.

My preference would be for a dovish statement to offer another CAD short opportunity.

Of course, there is also US ISM service data to factor in. Along with the already reported 'soft' job openings data.

It won't take much for 'soft US data' to suddenly become bad news is bad news. Rather than bad news is good news. But for the time being, any 'negative sentiment' caused by soft data should in my view be regarded as a possible opportunity to 'buy risk'.

Time will tell.

Feel free to email any questions: johnelfedforexblog@gmail.com