March Canadian Dollar Trade Update by @JimIuorio
The march Japanese Yen contract never hit our trigger so our long bias was not confirmed.
That leaves us neutral the yen and looking for next opportunity. Attached is a chart of the march Canadian Dollar(CDH3).
The bounce off well-defined support level of 100.18 suggests an upside move to 101.60. We will consider a buy at these levels with a stop-out on a settle below 100.15. Our main concern is that thinly traded holiday markets are sometimes unpredictable so wade into the water with care.
