BK Big Trade USD/CAD 09.10.2015 +70

by Kathy Lien

BK -- Closing trades ahead of FOMC. Take Profit on short USD/CAD here at 1.3210 for +70

Order to Sell 1 Lot USD/CAD at 1.3280

**Reload USD/CAD Orders

Place Order to Sell 1 Lot USD/CAD at 1.3280

Place Order to Sell 1 More at 1.3480

Stop for ALL 1.3655

We are reloading our USD/CAD short orders on the premise that there will be profit taking in the U.S. dollar ahead of FOMC. We like selling U.S. dollars against CAD because the loonie is oversold, oil is rebounding and the Bank of Canada’s neutral bias with a tinge of optimism should lift the currency.

Swing