My entry on this pair is all technical. I don't see how the democrates win equal a bullish run for the dollar. Higher tax = stronger dollar?
DislikedMy entry on this pair is all technical. I don't see how the democrates win equal a bullish run for the dollar. Higher tax = stronger dollar?Ignored
Dislikedhmm, usd/cad is interesting. If you looked historically, it nearly as does what oil does as canada is one of Americas biggest oil suppliers. Oil made an all time high of $78 arouond the middle of last year, then oil started to fall, it bounced around $50. Look what happend to USD/CAD during this period. oil is now hovering around $60. Is this a heads up for going short on usd/cad? Time will tell.Ignored
DislikedReviewing some longer term thoughts, I am thinking we may have a little more downside yet. Who knows. I am thinking a move down to the 1562 area and likely the 1521 area. I would be a buyer here for a return to fair value or "River" somewhere around 1750.
Moving above 1650 and building value would likely cancel my downside thoughts.
This pair always requires my most extreme patience. Throw in some oil and you have a difficult mistress.