Another pair that’s gone sky high.
New lows for the Canadian dollar against the U.S dollar.
No doubt, it looks really toppy at this point (same goes for NZD/CAD), but it could go for 1-2 spikes higher. And if it does? Then I’ll get into the trade.
Otherwise? Will wait for a better opportunity.
Watch oil price.
Only time will tell where this baby moves from here.
Either way, just like crossing a road, safety comes first.