Usd/cad

What are peoples' thoughts on this one?

Mine are:

1. Daily chart looks a bit tired to the upside
2. Good support from Commodities + Oil
3. I didnt think the Fed statement offered anything which wasnt already known before the event.
4. Cross support elsewhere, is limiting dollar gains on this cross

I think this might range between 1.1650-1.1750 for a while. I might short here for a 1.168 test.

Anyone else?
 
Just nailed 66-points long on my simulator account.

That's the closest I can get to USD/CAD.

Was trading it long live but pared back - only had so much capital to spread around live.

So I continue to trade it on a demo, that is great to keep up with it.

It's now 30-pts against me on a new long trade.

Good luck, USD/CAD traders! :)

Exchanges
 
Just a question for you pros....

I've noticed at the end of the month the USD/CDN seems to tank a good amount. However, this month it seems to be holding it's ground. With oil prices being so high, do you think this is a sign of underlying strength in this pair? Or is this just another one of those random occurances and it will sell off in the near future?
 
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