FX:USDCAD   U.S. Dollar/Canadian Dollar
81 0 0
Bit undecided here as to when I'll dip in long, but feel that this USD move has just gotten started. May have some profit taking in the Asian session with little changed after the G-7 and will be looking to buy any and all USD dips into parity. Series of higher lows since last September leads me to believe that the market is reluctant to put any serious weight into CAD longs here. I think the bias going forward for central banks will be to fall in line with the US, Japan, and Europe. This leaves me to believe that declines in commod FX will be ongoing and consistent with what we've seen over the last few days. I'm leaving an entry to buy 1.0075 - stop below .9991 targeting 1.04 and possibly higher.
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