ridethepig | USDCAD 2020 Macro Map

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This chart is for those mapping USDCAD over the coming Quarters; a clean and simple strategy targeting the lows of 1.27xx by mid 2020 before finding somewhat of a bounce back towards the 1.30xx handle by year-end.

Main theme behind the flows is coming from dollar devaluation, I would recommend all to follow the Macro Dollar charts I have posted:

Dollar Focus


The reflation theme which is a bi-product of the dollar devaluation will allow CAD to outperform in the immediate term. There are two sides to the currency pairs, rather than CAD strength in this move we are trading USD weakness.

A wide range which is already starting to show signs of cracking the downside:

USDCAD trapped in a tight range


Best of luck all those trading USDCAD into year-end with dollar devaluation underway, this is going to be a monster swing with fireworks on both sides.

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Oil in wide consolidation 快照
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A heads up that USDCAD losing 1.31xx is very telling for Q120 map.
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For those who are not yet positioned for the 2020 flows in CAD this is starting to look very interesting...Dovish BoC leg reaching the end and we are approaching positioning time again for USDCAD sellers. We can update the chart early next week to open the next position.
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