USDCAD is now ripe for longs after a test of support, currently above the Brexit key level resistance, nothing is holding it back from rallying right away. I anticipate fundamentals to boost this trade, specially NFP coming out tomorrow, and probably seeing good upside for weeks to come. Keep stops under the weekly mode to be safe, anything below 1.2915 is ok. This is a very speculative trade, but the payout makes it worth it if it works.
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Cheers!
Ivan Labrie
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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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