Our bullish bet on USDCAD has commenced well with risk off sentiment combined with a dovish BoC driving the market higher. We remain moderately positioned on the buyside and continue to monitor technical indicators for conviction higher into our buyside targets. Ideally we would like to see some solid conviction through the 200 Daily Moving Average and a modest pullback into our sellside liquidity target. We intend to buy dips from here and will provide updates on any material advancements. A weekly break of the larger corrective wedge pattern should see an impulsive push into our initial and secondary targets.
Our buyside exposure has been maintained across both our macro and directional portfolios.
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We look forward to continuing to provide market leading analysis to traders & investors alike across the TradingView platform.
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Until next time,
Portier Capital Macro Strategy & Portfolio Management