Johanes

JLS USDCAD Target Zone 1.3100-1.4100

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Johanes 已更新   
FX:USDCAD   美元 / 加元
Likely interesting to trade
評論:
About 200 PIPs price bullish and the expected turnaround time 4-6 weeks.
評論:
Trading position is managed to risk free by placing stop loss at entry rate, and the trade will be hold to target and/or to be closed by "tranche" as considered to be feasible
評論:
I still target 1.4100 with multiple long trade tranches
評論:
Long trade still active to target
評論:
The CHF, JPY and EUR carry traders are carrying the CAD by driving the CADCHF, CADJPY and CADEUR to upward and to slower the USDCAD to upward.

However, their carry trading activity less likely will pressure USDCAD to revisit her currentlower ceiling 1.3100
評論:
The AUDUSD and NZDUSD hammered down by their interest rate differentials to USD. It is expected to be followed by the GBPUSD and EURUSD to downward by their interest rate differentials to USD, and USDCAD, USDJPY and USDCHF to upward by their interestt rate differentials to USD.

At such, the current short/sell of NDUSD, AUDUSD, GBPUSD, EURUSD and the long/buy on the USDCAD, USDJPY and USDCHF will resume to follow their medium term exchange rate target zone trends.

However, risk remains to be seen from JPY and CHF carry traders but at lesser impacts on the prices.
評論:
Long on USDCAD at risk by the pressure of CAD interest rate differential prices to CHF, JPY, EUR, GBP, AUD and NZD. USDCAD could be pressured down to 1.2900.

The risk on the long/buy hedged by placing long on USDJPY for similar portfolio and to allow the USDCAD to volatile until the USD to be strengthened back to CAD by their interest rate differential.

The Fed policy to delay interest rate hiking at current US global trade negotiation seem is endorsed by the Fed to support the US trade policy.
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