FX:USDCAD   U.S. Dollar/Canadian Dollar
136 4 0
SELL
SL=1.0530
Target=0.9982
val
3 years ago
think may be it will go down little (to 1.0380) in few days than back to higher price
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sunny
3 years ago
still dangerous to short this pair. look at what happened in 2008 when stocks tanked. I think stocks are vulnerable to a very sharp sell off in the next few weeks. try to buy this pair on dips. buy 1.0450 and 1.0350 stop at 1.0275 is just a guess at the moment.
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I just published my trade idea and agree that shorting at this point is risky. A test towards 1.07/08 and a rejection will be a confirmation to short around 1,06 with possible moves to 1,02 and perhaps lower.
USDCAD Rally nearing exhaustion - Time to Short?
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