USD/CAD BOC Interest Rate

High priority today is the Bank of Canada interest rate decision. I will be going long on USD/CAD and bought in this morning @ 1.32402 with stop loss set to 1.31359 and Take profit at 1.33098.
 This is a critical. Rates come out in about 7 minutes so we will see where is goes.


Its tough working full time and trading, you really need to be able to focus if you are going to trade forex.


UPDATE* After the initial release of information on the interest rates, USD/CAD saw a rapid drop in value with a moderate recover following the few hours after. The Stop loss was not triggered.