Monday, January 16, 2017

Long USDCAD

We have entered long-term trade at 1.3144 with stop loss at 1.25 and take profit at 1.40.

FED tightening is not fully priced in the market. Probable US border tax adjustment would boost USD, but also will have a negative impact on Canadian trade. Bank of Canada is will not tighten in firs half of 2017

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