I'm intrigued by the USD/CAD in risk off environments. When SHTF, this pair can get rolling. I wonder if this week's consolidation will continue for a few more weeks or suddenly ramp to the mid 1.40s and beyond.
you know what market movers do. they suck you in at resistance and keep it there and wait for the boat to fill up with shorts. then, boom! blast off!
I'm betting we'll clear the yellow trend line (higher) and continue to the 100s this year.