short usdcad
Normally I would never think of doing a short play but this is a major sell zone. Based on price action stalling I think we could see a slight decline. However the only reason I am short is because of the lack of fundamentals to drive the USD further. The price of oil has been declining drastically however and is due for a price correction so if we see stronger oil prices we will see a stronger CAD. Vice Versa. Looking to go long/ reverse position at my target.
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