10 April 2015

USD/CAD : Messy. Avoid.

  • Long USD/CAD was once my favorite trade, especially when it broke the daily triangle at 1.2600 in early March.
  • No longer. The daily chart has morphed into something else entirely. More like a rectangular chop now.
  • Avoid until a clearer picture emerges. Better fishes to fry out there.

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