June Canadian dollar:
1. Our recent Mon., March 2 June Canadian dollar forecast indicated that any hourly or daily close above $79.45 could be bought for a tradable advance to $80.48 (or higher).
2. Although our position stopped out with a small loss, (noted in recent report) the June Canadian dollar completed the $80.48 upside target in today’s (Thurs., March 5) session (today’s session high, $80.47). This completes the intended trade.
3. While the Canadian dollar showed tricky behavior in completing the trade, the completion of $80.48 remains important and may prompt further entry. Will update.