Trading Wise, I am short EUR/CHF. Due to boredom waiting for a reversal on the majors. This is a position trade with a 7-9 day expected duration. Sold at 1.5447 and currently neg 25 PIPS. I could be wrong but we'll see. I'm sure my broker is trading against me moving the EUR and CHF national economies in order to cause me to lose the trade. Or maybe they are just happy collecting 5 PIPS from me and the other thousands of customers. I would be happy with that.
I think what you were seeing on USD/CAD is actually a bear flag in a down trend which has been broken. I believe it is headed down.
I wonder how USD/CAD will take the non-confidence vote going on right now to bring the Canadian Liberal government down. 171 YES and 133 NO. Election January 23, 2006