Trade Review: USD/CAD


It was another “make-no-sense” day in the market as the US Durable Goods number came out WAY worse than expected. Couple weak US data with oil trading above $60 per barrel (stronger commodities usually correlate to a stronger Canadian Dollar) we should have seen this pair drop! But we didn’t and we watched our short trade trigger and reverse within the matter of minutes. Doh! Hopefully we’ll catch some pips in the next one!

Lot 1: -30 pips
Lot 2: -30 pips
Total: -60 pips