Rocketman
Short

USDCAD: Commodities, Channels and Economics; Oh My!

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Commodities, Channels and Economics; Oh My!

I wrote about the Canadian economy previously. They have already squared a deal with America's tariffs: Trump Repeats Bush's Tariff on Steel: Bring Back Good Ol' Days?

I wrote about "CAD/CHF and Oil: Carry trade and Interest Rate Differential"; however, some brokers do not give your the interest (so be careful. It is probably better to just part your money in Canada instead of the spot market. There are many ways to do this.):

Technical:

Yes, the channel proved to be a barrier of resistance. Now, support is 400 pips away at the bottom of the channel. If we surpass the bottom of the channel, however, this would take a huge story. For now, I am short!
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