Link to the BOC statement:
http://www.bankofcanada.ca/2012/04/press-releases/fad-press-release-2012-04-17/
The USDCAD has moved sharply lower on the comment that removing stimulus may become appropriate has sent the USDCAD lower. The price has pushed toward the trendline support at the 0.9894 level (low reached 0.9910 so far). A move below this support level is the next target.
Look for corrective resistance at the 0.9925-37 area. The lows from Friday came in at 0.99256 and 0.9937.
