The Loonie pair last week reached the highest highs since early January and is now steadily dropping. I believe this is a good indication that the pair is set to continue upwards on the long term. However, based on the the last few months' price action I believe there is still a solid chance that the pair may yet reach down into 1.33 territory first and I am currently holding a short position with the first target at ~1.34.
Comment:
Target 1 reached!
Comment:
Price under 1.34 through the close of today's candle signals another sell position targeting 1.33.