Market currently feels to me like risk appetite is back in fashion eg look at rallies in AUD, GBP, EUR, Copper etc. One currency that seems to have lagged recently is CAD. If market is really back in risk taking mode, it is likely that USD/CAD will roll over on the daily chart and commence a fresh down wave soon. (Last 1.1538). Watch for signals eg close below 1.1474.
Also makes me wonder if it is time for range traders to go long USD/JPY too. (Last 95.52).
30 June 2009
USD/CAD : Risk Appetite Back ?
Subscribe to:
Post Comments (Atom)


0 comments:
Post a Comment