Buying has begun like clockwork this morning. With the outlook of near-term USD strength and the risk of a setback in oil prices, we still risks skewed towards a higher usd/cad over the coming months.
Aim for 1.35 in the month ahead, wishing you all a great holiday ahead.
Thanks. it was great. more of those. So what next for the pair? are we to expect the great fall now?
aa2016
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Excellent catch but how do you spot the specific buying time frame if you do not mind?
Cohiba93
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Good analysis; I've been long on USDCAD for the past week now but i'm still looking for it to hit 1.38 by mid-January. Maybe a little too optimistic but the news regarding the USD's strength has been very positive lately.
Good luck!
TheBanker
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@Invictavis, thanks for your comment and good luck to you my friend
dead2live
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Hecks, ya. I got in immediately, scalped, got out and got back in! 1.35 next year? Dunno........ maybe soon. Thanks!