USD/CAD Shorts Get Squeezed
December 21st, 2006 by Ian
After hitting the top of the range for the fourth time and turning around, the USD/CAD looked as though it would make the round back to the bottom again. But that would have been too easy right? So instead it drops over 100 pips yesterday only to come back and close only down 40, and then today rally another 80 pips. Being long for a while now, I hoped it would was going to break out of the range last time it was at the top, but I guess that would have been too easy too. Keep an eye on it this time.
