khansalarehsan
Long

A great opportunity to go Long AUDCAD

FX_IDC:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD Long
Order cancelled: Obviously, this trade never triggered. So order canceled.
The trouble for most CAD pairs is that there has been recent panic about the Canadian Dollar as Trump has threatened to pull NAFTA.
Reply
khansalarehsan Captain_Walker
@Captain_Walker, You are spot on. This trade never triggered and the order has been canceled.
Reply
Captain_Walker khansalarehsan
@khansalarehsan, Good job.

As panic settles the Canadian Dollar is strengthening again - for how long, we shall have to wait and see. Fortunately for me, I took a calculated decision to go long on CADJPY and CADNOK, and short AUDCAD. It's looking good so far in my trend following strategy on a 1-hour time frame.

Canda has been a close friend of the USA in terms of trade. https://en.wikipedia.org/wiki/Canada%E2%80%93United_States_relations I doubt the Trump administration wants to rub them the wrong way in the longer term. I suspect there is likely to be some softening on NAFTA.
Reply
khansalarehsan Captain_Walker
@Captain_Walker, Great decision. thanks, GL
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