Long U/C in the long term. Long

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Nov 10, 2013 5:16 PM

CAD is affected by OIL price and Gold price.

OIL and Gold decrease because many reasons.

So I think U/C will move to 1.0588 resistence level in the long term.

Gold and OIl decrease----> CAD devalue ---> U/C rallies.

Comments

isomorph

⋅ Nov 11, 2013 8:35 PM

in the long term you might be right, but intraday, u/c down, gold up, and then reverse again.