If the USDCAD doesn't bounce here... then where?
Where is the USDCAD going to finally bounce? This also begs the question: Is $1.45 a long term top? Could the CAD be heading back towards PAR again with the USD? In the first 3.5 months of this year, the CAD has gained 20 cents. (If I had just left my short alone... LOL). I am watching OIL for a bigger correction to give a little relief here. But I think I will now start treating any bounce like it's a correction and not the other way around.
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