There appears to be a growing consensus for a CAD catch up trade to EUR, AUD and the last piece of the puzzle should be a technical break below 1.3200 in USDCAD.
EURUSD remains well bid, which should keep the USD on the back foot, so it is starting to feel like a matter of time.
Short term resistance should come in towards 1.3270, with 1.3335/50 the level above which you should feel comfortable leaving stops.
1.2960/00 seems like a reasonable target for shorts.
EURUSD remains well bid, which should keep the USD on the back foot, so it is starting to feel like a matter of time.
Short term resistance should come in towards 1.3270, with 1.3335/50 the level above which you should feel comfortable leaving stops.
1.2960/00 seems like a reasonable target for shorts.
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