The Loonie owes me big time! And is probably likely to owe me more pretty soon if I get stopped out of this position 🙁 The charts look to me like a vertical fall is in the offing and I’ve taken a short position at 1.0890.
Much of the USD fate for the coming session will depend on what happens in USD/JPY and Cable. If USD support levels can hold then we may see a mini-reversal also in pairs like AUD/USD and USD/CAD as well? I guess we will just have to wait and see but at least it should be interesting.