FX_IDC:CADUSD   CANADIAN DOLLAR / US DOLLAR
87 1 2
The idea is conditional on the $DX and $CL_F reversing their current courses.

That said, the fundamental picture in Canada continues to worsen and the $CAD has put on some serious size in the last few weeks.

Technically, it is now put in a double top, is testing the top of the range, overbought and following the top of the channel. The $CAD also had a pretty serious intraday reversal. Could be an interesting short candidate back down to the mid 0.80s

Selling calls over 84 could be an interesting play.
Justiceisfalse
2 years ago
Working alright so far. With some DX strength and oil rolling over this should be good.
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