I like the $USDCAD pair here for a swing trade opportunity, given the trend in the $DXY chart, and in the $EURUSD and $USDJPY pairs, as well as movement in oil and gold, I reckon the trade has very good odds. Market participants have been pricing in the fact that the Fed won't hike rates again this year, but it isn't clear if that will be the case or not. Either way, the technical picture is clear, and given the economic growth in the US, this trade has decent odds of panning out favorably.
Best of luck,
Ivan Labrie.
Best of luck,
Ivan Labrie.
Trade closed: stop reached