A very strong piercing of the resistance area
(green box) indicates huge enthusiasm favoring USD against CAD. Oil
is also quite weak. We are in the market since the very beginning at 1.285 levels and dollar-cost averaged quite a chunk of positions at retracements. No weakness in horizon yet. Safe to ride possibly all the way up to 1.35-1.36 levels should current market enthusiasm sustains. No reason for us to liquidate any time soon, unless a strong reversal is detected. Just enjoy your ride and profits as we do currently.