AdrianRaymondFX
Long

Probably the right time to go bullish again on USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
330 0 6
There was a significant "blowout" movement in USDCAD             prices this past quarter, but I have a hard time changing my fundamental assessment that the Canadian dollar             should remain overall weak against the greenback this year. Technical analysis currently supports a bullish hypothesis on this pair as prices recently rebounded on a long-term trend line . Note the critical technical level around 1.285. I suspect that if US and Canadian employment figures next week lead to further gains, a significant low will have been put in at the close of the 1st quarter with a re-positioning of market actors with a psychological shift again towards the USD.
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