The US Dollar trade turned again after my successful short idea 8 days ago pairing the AUDUSD and EURUSD. Now the trade has turned as the USD appears to potentially have more downside. Moving onto the USDCAD and USDJPY.
Latest USDCAD quotes are at 1.335 and the sell cover target is 1.327 for a 0.6% difference. Expectations for this trade ideas’ relevance is 10-50 days.
USDJPY latest quote is 111.97, sell target is 111.1 for a 0.7% difference. Expectations for this trade ideas’ relevance is 2-30 days.