This chart is ready to break
Consider this:
- Oil is crumbling
- Canada is headed for recession
- The Bank of Canada is going to cut to zero
- We're headed for a global recession
- Investment plans are getting cut
- Canadian housing is way overvalued
- Commodity prices are falling
How is USD/CAD only at 1.3756? I've been making the case for buying this pair for a few weeks.
The USD/CAD market has been asleep for more than a year and it's about to get a shock. I think that shock is a rise above the 2017 high. We're now just 30 pips away.
