Hi guys, a few thoughts about USDCAD. Since my last published idea, nothing changed much. I bought some dips at 1.2525 and closed some long positions that I opened higher during the most recent move to 1.276. Also, I managed to open a few short positions at 1.27 and 1.275, but not big ones, since I'm more bullish on this pair in mid and long term. As of today, I think that USDCAD is still bearish in short term. There is a very good chance before tapering from FED to see 1.25, 1.243 and maybe even 1.23. After mismatching jobs data expectations, it is more likely that tapering from FED will be considered at least on November meeting (if jobs data and virus would not push it for later). Oil also will be well priced due to damage from IDA hurricane and since OPEC didn't increase oil output more than was planned. My strategy for now is to buy the dips and open some short term sell positions until clear trend change.
Good luck!
Good luck!
