on a clean break of the next fib level I've identified at around 1.2444 I'm looking to go long a June at the money call on usd/cad with a tentative target in the 1.2660 area which is the next resistance line.
oil can easily retrace to around 28.75, canadian policy easing expected at their next meeting also helps usd/cad as it needs to price in new sentiment. cad slower than most any other major in lowering rates.
thoughts?
oil can easily retrace to around 28.75, canadian policy easing expected at their next meeting also helps usd/cad as it needs to price in new sentiment. cad slower than most any other major in lowering rates.
thoughts?