Yes folks, it's almost that time (15.00GMT) again 24 Jan
Further to my earlier post we're now seeing USDCAD rally into 1.2350 with sizeable option contracts rolling off at the top of the hour.
I noted in that post that the strategy would be to try and hold the pair from dropping too far in spite of the general USD supply and then launch an attack into 1.2350.
Bingo ! Here we are at 1.2347 from 1.2317 lows as the clock ticks down. I hope some of you took heed and got on board. We may well see a drop from here amid softer USD and steady oil.
For more guidance on how to use the options info, please refer to my post here.
My work here is done. See you all tomorrow for more fun and games in the ever fickle world of forex.
