CME:6C1!   CANADIAN DOLLAR FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)

With four naked points of control below - which is very unusual it's safe to say the CAD has some backtracking to do.

Most likely they will be taken out all very quickly.

News bomb like a high CPI number might do the trick to send the DXY higher and the CAD lower.

Personally I am short in the futures marketing targeting the last VPOC.




Comment: CPI - did not have the effect desired.

On a higher timeframe there is VPOC at .80380

This is in the cards now.

All these points of control will get touched.

DXY sold off hard, boasting the EURO to multi-month highs.

Oil also hit a level not seen since November which helped.