Judging by the violent move down in USD/CAD, they weren’t the only ones.
On August 11, Morgan Stanley said USD/CAD longs were ‘best bets':
Morgan Stanley maintains a two long USD/CAD positions from 1.0734 and 1.0650 targeting 1.12 and 1.13. They’ve moved up their stops to 1.0860 and 1.0880.
So they got stopped out but still booked a profit.
We can also finally pick a winner in the Aug 7 poll we did on USD/CAD where users voted on whether 1.1000 or 1.0850 would come first. About 54% of you were on the right side of the trade.
