Potential short
The idea is conditional on the 
DX and CL_F reversing their current courses.
That said, the fundamental picture in Canada continues to worsen and the
CAD has put on some serious size in the last few weeks.
Technically, it is now put in a double top, is testing the top of the range, overbought and following the top of the channel. TheCAD also had a pretty serious intraday reversal. Could be an interesting short candidate back down to the mid 0.80s
Selling calls over 84 could be an interesting play.
DX and CL_F reversing their current courses.That said, the fundamental picture in Canada continues to worsen and the
CAD has put on some serious size in the last few weeks.Technically, it is now put in a double top, is testing the top of the range, overbought and following the top of the channel. The
CAD also had a pretty serious intraday reversal. Could be an interesting short candidate back down to the mid 0.80s Selling calls over 84 could be an interesting play.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.