SHORT USD/CAD from 1.2998

This weeks positive jobs data has done nothing to arrest the USD’s decline and this is a sign of further weakness.

Wednesday neutral FOMC Statement did nothing to ¬†boost the USD and worries about Trump’s possible protectionist leanings suggest we are headed much lower on this and other USD pairs.

We are SHORT USD/CAD from 1.2998 with a 1.3081 STOP.

 

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