Friday, August 1, 2014

Non-Farm Payrolls lower than expected - USD/CAD short trade still valid

Non-Farm Payrolls came in lower than expected.  This was positive for our Short USD/CAD position.  Price looks to put in another Spinning Top or Long-legged Doji candlestick pattern today.  Looking for a correction in the USD/CAD back down to at least the 1.0850 - 1.0800 level.