Inflation is going to rear its head.
5x growth of global money supply is inflating asset prices.
Meanwhile, Gold, Bitcoin, and Silver are all primed to break upward in unison, after remarkably similar structures: $GLD $BTC $SLV
Big moment for USDCAD.
Will the BoC mention rate cuts this Wednesday?
Will the Fed pause rate cuts this Wednesday?
If both of these fundamental events occur simultaneously, USD will likely significantly strengthen against the CAD.
If neither or one of these events occur, technicals still seem to support a temporary move higher.
Paired with multiple variations...
Long, based on 1D RSI Divergence.
Heavy cost of Aetna acquisition weighed heavily the past year, despite fairly strong earnings.
Although a judge is re-verifying the federally greenlighted merger, posing downside risk, the merger will likely continue through.
Stop loss at 51.50