USDCAD Down Sharply, but Mind the Mean

By | December 29, 2017
The USDCAD hasn’t disappointed those who went short earlier this week. Since Wednesday’s sub 1.2670 close, the pair is down more than 100 pips.

Unfortunately, we never did get a retest of the 1.2670 area as new resistance. Seeing as how I don’t like to chase a market, I didn’t sell the USDCAD. Bu…

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