THE MEASURED MEDIUM TERM TARGET ZONE FOR USDCAD 2000 PIPS (OPPOSITE RATE ARRANGEMENT WITH CADUSD IN ANALYSIS). THE PAIR WILL CONTINUE TO VISIT HER LOWER MEDIUM TERM BAND 1.1400 FOR 2000 PIPS.
THE CURRENT TRADE RECOMMENDATION OF SHORT AT 1.2500/1.2800 TO TARGET 1.1400 WITH STOP LOSS MANAGED AT 1.3050 ABOVE THE CENTRAL BAND IS PROFITABLE TRADING POSITION FOR 700 PIPS (1.2100). TARGET OF 1.1400 REMAINS FEASIBLE.
HIGH FREQUENCY TRADES HOWEVER NOT RECOMMENDABLE ANYMORE DUE TO THE VERY "WIDE" STOP LOSS REQUIREMENT AND OBLIGATED AT 1.3050 FOR 950 PIPS. HOLDING THE CURRENT RATE AT RISK FREE BY MANAGING THE STOP LOSS TO ENTRY RATE IS RECOMMENDABLE.
CAD'S DERIVATIVES WITH OTHER MAJOR PAIRS ARE VERY PROFITABLE TO TRADE AT CURRENT MARKET ENVIRONMENT.