I am trying to get long CD also. (short USDCAD). Missed my fill this morning and still waiting. Maybe too late. Also, trying to get long AD at 7035.
What are peoples' thoughts on this one? Mine are: 1. Daily chart looks a bit tired to the upside 2. Good support from Commodities + Oil 3. I didnt think the Fed statement offered anything which wasnt already known before the event. 4. Cross support elsewhere, is limiting dollar gains on this cross I think this might range between 1.1650-1.1750 for a while. I might short here for a 1.168 test. Anyone else?
Just nailed 66-points long on my simulator account. That's the closest I can get to USD/CAD. Was trading it long live but pared back - only had so much capital to spread around live. So I continue to trade it on a demo, that is great to keep up with it. It's now 30-pts against me on a new long trade. Good luck, USD/CAD traders! Exchanges
I went short at 1.1720 for 1.166. Hey here is my though, what can`t go up must go down. Some strategy eh!!!
Just a question for you pros.... I've noticed at the end of the month the USD/CDN seems to tank a good amount. However, this month it seems to be holding it's ground. With oil prices being so high, do you think this is a sign of underlying strength in this pair? Or is this just another one of those random occurances and it will sell off in the near future?