We can go long the Aussie here, or if we don't see bearish follow through in the next 3 days if more conservative.
Stop loss should be below 0.7392.
You can either take it at market or wait 3 days to jump in.
Until FOMC is out I don't expect to see long lasting directional moves in the dollar, and neither should you in my opinion.
Cheers,
Ivan Labrie.
We have a good opportunity to take USDCAD longs at market price here. Risk a drop to 1.2758 which would nullify this push. Oil is most likely at a top, so I expect this to progress favorably for FX traders.
Risk 0.5%-1%.
Good luck!
Ivan Labrie.