USD/CAD Big Trade Orders 01.20.2016 +73

1/21 -- Close USD/CAD here at 1.4437 for +73

1/20 USD/CAD Aggressive entry at 1.4510 TRIGGERED

1/20 -- CHANGE USD/CAD Levels.

**We’ve seen a meltdown in USD/CAD since we first released our trade alert. It has now “confirmed” the top that we are looking for so we are adjusting our orders accordingly.

Here are the NEW levels for USD/CAD entry

Aggressive

Place Order to Sell USD/CAD at 1.4510

Stop at 1.4710

Conservative

Place Order to Sell USD/CAD at 1.4647

Stop at 1.4847

USD/CAD Big Trade Orders

Aggressive

Place Order to Sell USD/CAD at 1.4647

Stop at 1.4847

Conservative

Place Order to SELL USD/CAD at 1.4690

Stop at 1.4890

The Bank of Canada surprised by the market by leaving interest rates unchanged today. Investors had been betting on a rate cut. Comments from BoC Governor Poloz was also surprisingly mellow with the central bank head saying he’s encouraged by the economy’s resilience and flexibility. He also downplayed the drop in oil by saying most of the shock was built into their October forecast. They are clearly not interested in lowering rates at this time and prefer to wait for fiscal stimulus to pick up the slack. We believe that their failure to cut will mark a near term top in the currency. Oil is a risk but we also believe that crude will find support or bottom near $25 a barrel.

Swing

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