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ParkdaleCapitalManagement
21 wrz 2017 21:56

CAD/CHF Reversal Looming  Short

Canadian Dollar / Swiss FrancFOREX.com

Opis

Good evening comrades,

With the recent rally in the loonie resulting from multiple interest moves by the BOC, I'm looking to form a consus regarding the posoitoning of the market going into tomorrow's report. Personally, I beleive that the data release will result in a downside correction for the CAD seeing as the currency incredibly firm already. Now, putting risk on in anticipation of news reports is basically a coin flip in most instances, but seeing as the CAD is very strong (specifacally CAD/CHF) I believe that the risk/reward prospects of selling CAD/CHF going into tomorrow is attractive.

Would love to discuss this with other traders.

Cheers,

AL
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