Buy the USD/CAN at these Low levels
This is obviously my trade of the month folks. Even though the USD/CAN is presently in a consolidated down trend it is at peak levels for a USD ralley as not only is this area in prime historical reversal area but it is a well known fact that the BOC dislikes this level immensely as it effects Canada's export driven economy. If the currency pair stays at this level it won't be here for long so take advantage of it. This is gift territory and if history serves correctly there will be a big ralley from this area in the next month or two regardless of whether parity is hit or not. Is it a guarantee. Well no but if you want exceptional set ups and good fundamentals to base you decisions on, which should be the basis of why you take the positiosn you do anyway, then they really don't get much better than this.
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