SteveTobin
Long

USDCAD Breaks resistance

FX:USDCAD   U.S. Dollar/Canadian Dollar
33 0 1
The USDCAD             broke through the August high of 1:3343 overnight and held its break through to the market close. Positive RSI and a MACD crossover coincided with the break. I have entered long using the medium term uptrend as a stop level. The trade hopes to take advantage of ongoing risk aversion and increasingly hawkish fed speak. NFP data later in the week will clearly have an impact and | made decide to exit prior to the data release
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