USD/CAD To Turn? Short Side Case
USD strength has persisted post strong economic data.
FED rate cut bets have dropped opening up the door to rises, in comparison with the BOC cycle (quicker easing). Growth looking to have flatlined in Canada also not helping.
Looking for follow through on any price rejection. Technical case for shorts has been around for 2 years or so and these areas have been sustainable. Clear long side profit taking.
Short side bias taken as Market awaits sentiment. Potential Post NFP.
FED rate cut bets have dropped opening up the door to rises, in comparison with the BOC cycle (quicker easing). Growth looking to have flatlined in Canada also not helping.
Looking for follow through on any price rejection. Technical case for shorts has been around for 2 years or so and these areas have been sustainable. Clear long side profit taking.
Short side bias taken as Market awaits sentiment. Potential Post NFP.
Note
Looking for follow through post NFP.
Note
Reasonable weakness feeding in. Light shorts on any pops to the upside.
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Posts Not financial advice.
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