I'm just watching 1.00 on CD. Once that breaks it could get ugly despite so many positives with the Canadian economy. CD is still viewed as a commodity 'risk on' currency and a reversing DX would trash it to some degree for sure. And with a reversing DX commodities that 'appear' to have had their bubble top this spring and with a recession beginning again this would definitely reverse the rise in CD. The currency has been far too strong and has hurt exports badly. I read 30% of the exports to the U.S. have been replaced by other countries with a better currency advantage than CD. Notice the 2nd 1/4 GDP in Canada was negative despite so many other positives. Lower exports due to a strong CD and higher imports. Not a good combination overall. But like everything else the chart will tell us when.....................watch for a breakdown of par.
Say did you like my Stockcharts chart yesterday with the Elder Bars on it????