Long USDCAD: Potential Bat

Jul 13, 2016

I believe fundamentally the USD gains strength across the board in the coming months as long as the FED stays focused on the US economy. Coming off NFP going into a major fed meeting where they are most likely to not raise rates for whatever reason, and the high probability that Britian cuts rates. I plan to hold until the week of the July FED Meeting and look to close out my position initial target being 1.618 of the AB leg. Comment thoughts.