GarryBartsch
Short

USD/CAD Topping - Shorting Time

FX:USDCAD   U.S. Dollar / Canadian Dollar
23 0 1
The pair has made three tries at 1.34 and failed. We see upper shadows indicating rejection of higher prices. I don't see any positive out of Canada's new Liberal government to drive the loonie higher so am assuming any rise would be due the move up in crude which could come do to geopolitics, supply/demand issues, or even a falling USD due to a Fed rate hike since expectations are already built in. Regardless, short based on strategy with stops above 1.34.
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