Usd/cad

I'm long at 1.1180. It is coming off MAJOR lows so I think it's a pretty safe long for right now...however if it drops to around 1.1150 I might get out and wait for further confirmation that an uptrend is indeed going to start.
 
I have a key support level at 1149 and suspect we may ultimately get there. I would not be too quick to sell at this level unless it settles well below.

Good luck on your trade.

DRT
 
As Ivan said, this one is acting silly :)

I think the pair was trying to break out of hell, but lost a little steam. I think this pair's 2nd wind is comming in the near future.

I have to admit, I am not going to load on untill the next move. Just too silly!

Good luck everyone.

-Kastro
 
Quote from downrivertrader:

If you are waiting for this pair not to act silly...then you may have a very long wait.
More...

I'm not waiting for it to stop acting silly, I'm simply trying to understand the "Silly" aspect of it, so I can predict future "Silly" moves :)

Take it as USD/CAD talks to you on a normal day, but when it acts silly, it's talking VERY quiet, you just have to wait and listen to it.

-Kastro
 
so what the ^&*( is happening now?? Can this be a reaction to the fact that the Fed didn't raise rates, as nobody thought they would? Or to news that back in July when oil was hitting $80 the US c.a. deficit hit a record? What's holding the loonie up? Life
support?
 
Read an article on the M+A flows into Canada in the last year. Since January, an estimated 51 Billion CAD was purchased due to M+A flows...a lot of it energy related.

That would sure explain the propping up of the CAD in the last 10 months.
 
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