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khansalarehsan
Mar 7, 2018 5:58 PM

A great opportunity to go Long AUDCAD  Long

AUSTRALIAN DOLLAR / CANADIAN DOLLARICE

Description

AUDCAD Long

Order cancelled

Obviously, this trade never triggered. So order canceled.
Comments
Captain_Walker
The trouble for most CAD pairs is that there has been recent panic about the Canadian Dollar as Trump has threatened to pull NAFTA.
khansalarehsan
@Captain_Walker, You are spot on. This trade never triggered and the order has been canceled.
Captain_Walker
@khansalarehsan, Good job.

As panic settles the Canadian Dollar is strengthening again - for how long, we shall have to wait and see. Fortunately for me, I took a calculated decision to go long on CADJPY and CADNOK, and short AUDCAD. It's looking good so far in my trend following strategy on a 1-hour time frame.

Canda has been a close friend of the USA in terms of trade. en.wikipedia.org/wiki/Canada–United_States_relations I doubt the Trump administration wants to rub them the wrong way in the longer term. I suspect there is likely to be some softening on NAFTA.
khansalarehsan
@Captain_Walker, Great decision. thanks, GL
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