U.S. Dollar
One of my readers wanted to know how low I think the dollar can go so I'm posting the above chart. As you know I've been bearish on the U.S. dollar since January and I remain bearish. I think the most likely level for the dollar to go to would be the low from 2004 as can be seen in the above chart.
By the way.....anyone see the Canadian dollar today? It is still going and going and going.....
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3 comments:
My CAD trade has been the most profitable one I've made this month. I'm still long my full size and looking for some sign that it's flipping.
Thanks for putting me onto it.
This is one of my best trades for the month too even though I've scaled out of 3/4 already.
As long as the oil bulls keep going, so will the CAD
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