Goldman Sachs on the Canadian dollar
USD/CAD technical set-up points to the possibility of being the first leg of a correction, notes Goldman Sachs.
"In January, the market completed a multi-year 5-wave sequence that had started at the Jul. ’11 low. This look very similar to the 5-waves on the Trade Weighted USD chart. For this reason, need to be careful of getting too carried away with a move higher.
USD/CAD: Look to add bearish exposure on short-term recovery – Goldman Sachs
ByAdam Button
Mar 22, 2016