I feel like the bad blood between me and the Canadian Dollar has been temporarily repaired thanks to this nice drop.  This morning I speculated the pair could reach $1.0440 and sure enough, it stopped right at that profit target.

I think the pair could reach $1.0380 but frankly I’m not willing to let 180 points float for the potential of gaining 60 more when Ben Bernanke is scheduled to speak tomorrow morning. I took the 180 points on my remaining lots tonight and I am calling it a week.

-Ryan