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AlexxChan
Jun 9, 2016 11:28 AM

USDCAD continue to short Short

U.S. Dollar/Canadian DollarFXCM

Description

A lot of negative data coming out of the US lately. With the lowest NFP results in 7 years, Interest rates failing to rise again, and positive oil data, I would look to continue shorting USDCAD.

In the technical perspective, The 4th wave is currently proceeding, and I have a gut feeling it won't go higher than 1.2830 before turning around to complete it's 5th wave.
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