One thing i have notice in 14 years in the foreign exchange markets is that there are often some great bargains to be picked up in the USD/CAD. It appears evident to me that the USD/CAD is often overlooked or forgotten about during Asia and it isn’t until early Europe comes in that it goes where it should. Today we had the AUD, EUR, GBP and any other currency you choose weakening against the USD except the CAD, which weakened to a much lesser extent. You could have bought your amount of USD/CAD at 1.2580 under an hour ago when the EUR/USD, GBP/USD and AUD/USD were all making new lows for the day.
Pay attention to USD/CAD in Asia and if it looks like it has been forgotten jump on it until it comes back into line in early Europe. This is only ever a short term trade so don’t fall in love with it once you are on board.
