USDCAD possible short position medium/long-term
The price now is inappropriate (is too high, but it doesn't mean that it cannot go up higher) to conditions, which are currently on global markets (us monetary policy, possible shifting in cad monetary policy, oil prices...)
There is one obstacle to fulfill this scenario - it is dollar index. If us dollar go up, then usdcad probably will consolidate or even go up too. Pay attention of that.
Cad has a fundamental potential to strengthen and it is on good technical level, box weekly.
Always invest consicously. The price can do anything at any time.
There is one obstacle to fulfill this scenario - it is dollar index. If us dollar go up, then usdcad probably will consolidate or even go up too. Pay attention of that.
Cad has a fundamental potential to strengthen and it is on good technical level, box weekly.
Always invest consicously. The price can do anything at any time.
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