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USD/CAD Big Trade 03.15.2016 – Stopped
3/15 -- Order to Buy USD/CAD at 1.3350 Triggered
New USD/CAD Buy Order
Place Order to Buy USD/CAD at 1.3350
Stop at 1.3150
With USD/CAD stabilizing for the past 3 days and rising above the 200-day SMA this morning, we are finally beginning to see a bottom and trend shift in this elusive pair. The move is supported by the turn in oil prices, risk aversion and the abysmal Canadian employment numbers reported on Friday. We believe that this week’s retail sales numbers will be just as disappointing as weak labor conditions fuel weak spending.