FXWW News/Trade Ideas

USD/CAD: Shorts edging into the money but going is slow

I’ve been short since Monday morning and USD/CAD is again testing last Friday’s lows at 1.0935. Goldman Sachs reckon that support should be very strong at 1.0880 and that bulls remain in control until 1.0840 breaks, so I will be watching those levels with interest. I’ve lowered my stop now to 1.1030 so it will be a cheap trade even if it suddenly reverses.

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