USD/CAD Trade Set Up?

Some potential trades setting up today like the USD/CAD

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  • NathanTucci

    Hi Paul, I do agree with you certainly. The USD has been raging, but as you mentioned a bit of weakness could be a quick, steep fall.

  • Paul

    Thank you for sharing your daily analysis, Nathan

    Do you think the AUD USD (long) and USD CAD (short), if they do indeed set up, are really both USD weakness trades? The USD has been very strong recently (particularly against the GBP, JPY, and EUR) and so if it weakens for a few days, it may facilitate the AUD and CAD trade opportunities?

  • Bazzabdb

    My charts show USD/CAD has broken to the upside of a downtrend channel in place since sept last year.

  • I wouldn’t buy USD/CAD until about 1.0200. It sure has been a slow day.