FX:USDCAD   U.S. Dollar/Canadian Dollar
73 1 2
DXY             is indicating slight weakness (possibly just a retracement). BOC's Poloz speech put USDCAD             on steroids last night.

I've actually shorted this pair from 1.33545, so I'm around ~40pips in profit at the time of writing. I expect the price to dip a little bit before shooting back upwards towards the upper trendline . However, if it breaks below the WPP             (light blue line), we can expect price to go closer towards the bottom TL.
Comment: USD is too strong at the moment. Nonetheless I'm holding my shorts until there's a clear break of the upper fib line.

snapshot
Trade closed: stop reached
I agree and in the trade since 1.3340
+1 Reply
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