Is it just me or has USDCAD been sleeping this week? EUR, GBP, all moving like crazy and the canadians are as cold as ice.
When I see that I usually expect a big move to come, and considering we've been failing to go lower this week I'll expect a move higher. Even if its only a spike. I say that because this is a reversal trade. CAD is looking strong in general, and I think we will see lower USDCAD prices in the months to come.
What's your analysis? Are you also bullish going into NFPR? Share your ideas and let's learn together!
Peace, love, and sweet bamboo, tbp
Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
@dongrui, yep 1.3090 looks like an equally good level for a bounce lower. too bad cad is slooow right now, otherwise I bet it'd be at your level already!