USDCAD positioned short amid US tension

Jun 06, 2017

The US dollar was unable to keep its upward momentum from 2nd June onwards as the decision by the Trump administration to drop out of the Paris Climate accord was read negatively in the market. The cloud of tension in the market keeps bubbling up since the Qatar oil prices were also on the roller coaster ride. The market analyst has observed the continuing downward trend combining the same with fundamental analysis & had taken a short position in the pair which ended in a profitable venture.

Trading Snapshot:

spi usdcad 6 june

spi usdcad 6 june1

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