USD/CAD nears yesterday’s high as trade and growth worries mount

USD/CAD nears 1.29

The good news for USD/CAD bulls is that a break of 1.2896 could set of a string of cascading buy-stops through the figure and the late-2017 highs at 1.2920.

The good news is that it’s Friday so you might see volatility slip and an unwillingness to push it above the highs.

For the bears, the hope is that Trump is going to refine or change his plans some time next week and exclude Canada from the tariffs. Is that a bet you want to make?

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