USD/CAD started in London yesterday at around 1.0840 and immediately started gapping higher. There must have been lots of stops above 1.0910/20 as that had been the technical breakdown level and also where Goldies recommended going short. (Don’t get me started). AUD and NZD (we’re looking better this morning Burt) followed suit and I’m sticking to my view that we are very close to a major interim top in both these pairs.
Most of the action in Asia should be in these pairs.
Good luck today.
