DislikedTo all USD/CAD traders. Thursday of this week HAS THE POTENTIAL TO BE a market moving day due to the OPEC Meeting. OPEC Countries are NOT HAPPY with Saudi Arabia for "creating this mess" , meaning that the Saudi's THOUGHT that they could punish the rest of the WORLD MARKET by creating artificially LOW PRICES due to a massive oversupply to the World Markets , and they failed miserably in their attempt to essentially put many Countries "out of the oil business altogether". In my opinion , look for the Saudi's to make an unprecedented massive cut to...Ignored
Attached is my best guess as to what will happen to USDCAD based off of current trend lines - I am waiting for another dip before taking another short position:
If you're gonna be a bear, be a grizzly