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Hello everyone,
to be honest I was expecting a demonstration of strength in this currency, specially in the USDCAD pair. At the moment the U.S. dollar looks too robust to go against it, so I'll be waiting for the right moment to do it, specially in the USDCAD pair, that as I said many times, I expect it will fall in the near future.
I know it is hard to believe, taking into consideration, the current situation of the Canadian housing market, but in future posts I will comment my point of view on this matter, and why I am expecting a stronger Canadian dollar.
In my last post I explained I was expectiong further corrections in the USDMXN pair, in fact I opened shorts and I have got some pips with it, but as I said, at the moment is too risky go against the U.S. dollar, so I will concentrate in the USDJPY pair.
to be honest I was expecting a demonstration of strength in this currency, specially in the USDCAD pair. At the moment the U.S. dollar looks too robust to go against it, so I'll be waiting for the right moment to do it, specially in the USDCAD pair, that as I said many times, I expect it will fall in the near future.
I know it is hard to believe, taking into consideration, the current situation of the Canadian housing market, but in future posts I will comment my point of view on this matter, and why I am expecting a stronger Canadian dollar.
In my last post I explained I was expectiong further corrections in the USDMXN pair, in fact I opened shorts and I have got some pips with it, but as I said, at the moment is too risky go against the U.S. dollar, so I will concentrate in the USDJPY pair.
