USDCAD looks ready for a buy potentially. The BOC talked about stimulus today, the cad got clobbered. Oil isn't looking very supportive of a massive CAD move towards weakness but 100-300 pips doesn't look out of the question.
Simple trade, buying trend line break, locking in profit along the way, seeing where things go from there.
Simple trade, buying trend line break, locking in profit along the way, seeing where things go from there.
Trade active:
Nice move on USDCAD so far, playing out well. Move stops into profit and let this ride along nicely. Still no major target in mind just yet.
Jared Johnson
Union Hedge Funds
Union Hedge Funds