could be a nice upswing
The pair generally tends to rise in a low risk environment on carry flows while the opposite is true when we see a 'risk-off' approach in the markets.
Trade active
#CAD leads the majors in spot returns vs. #USD over the past month at 1.72%, whereas #JPY has performed the worst at -2.40% - BloombergNote
Recommendation: 5 m trade setup coming Buy at / above: 80.2517 Targets: 80.3983 --- 80.5851 --- 80.7722 --- 80.9595
Stoploss : 80.0652
Trade active
Buy at / above: 80.2517 Targets: 80.3983 --- 80.5851 --- 80.7722 --- 80.9595
Stoploss : 80.0652
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