Yesterdays Ivey PMI triggered CAD weakness and we finally got a bounce higher. Next area of interest is slighty above 1.7100.
The problem with this move to the upside is that there is little interest for the USD across the board, meaning that if we should get any bad news from the US, this small bounce here could be retraced very fast. So, keeping tight stops is a must here.
The problem with this move to the upside is that there is little interest for the USD across the board, meaning that if we should get any bad news from the US, this small bounce here could be retraced very fast. So, keeping tight stops is a must here.