Hawkish Fed? Wait a minute...

Fundamentals & Sentiment

USD:
- USD is overbought according to CFTC, and CAD is oversold; Even if the buck is going higher in the medium term, it's time to cover some longs!
- love USD short exposure in case of BoJ intervention

CAD:
- Inflation Expectations Differential
- Decent PPI data
- Canada is one of the strongest economies for the last Q + next month's forecasts (forecasts diverge with USD significantly).

Technical & Other

Setup: TR(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Up
Long-term: Uptrend
Min target: Mirror demand area
Risk: 0.27%
Entry: Market

Trade fermée: ordre d’arrêt atteint:

Closed at breakeven