could be a nice upswing

The pair generally tends to rise in a low risk environment on carry flows while the opposite is true when we see a 'risk-off' approach in the markets.

Trade active:

#CAD leads the majors in spot returns vs. #USD over the past month at 1.72%, whereas #JPY has performed the worst at -2.40% - Bloomberg

Comment:

Recommendation: 5 m trade setup coming
Buy at / above: 80.2517 Targets: 80.3983 --- 80.5851 --- 80.7722 --- 80.9595
Stoploss : 80.0652

Trade active:

Buy at / above: 80.2517 Targets: 80.3983 --- 80.5851 --- 80.7722 --- 80.9595
Stoploss : 80.0652