Mdogsmash

USDCAD Strong Long Move & Possible All Time Highs

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD will be looking for an all time high within the next month or so, given that oil prices are steadily declining. It would be bad if the Canadian dollar started showing strength, as it is essential that Canada lets America be the big brother and carry the heavy lifting in our economy. If the American dollar starts to decline in price value, this will signal even greater danger for Canada, given our current economical state and lead to more wide spread issues. I believe the US dollar will be showing some strength in the upcoming week and will be sending opposing currencies such as CAD, CHF, JPY, AUD lower, while GBP and EUR trend higher. USCAD am predicting a run up of price towards 1.40 this week, with all time highs coming sometime within the next month or so.
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