USDCAD bearish butterfly

U.S. Dollar / Canadian Dollar (FX:USDCAD)

Updated

FX:USDCAD U.S. Dollar / Canadian Dollar

I do not think it has too much downside potential. I am overally bullish USDCAD, which is in line with DXY bullish formation posted earlier.

Comment:

Still valid

Comment:

We are moving as expected. However I would reduce by 50%, and wait if we can get above 1.347, if so stick to the plan.

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