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Lambert: Why I am shorting USDCAD

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February 19, 2016 cad, canada, canadian dollar, clive lambert, currencies, currency, currency pairs, currency trading, dollar, forex, forex trading, fx, fx markets, fx trading, saxo, saxo bank, saxo bank forex, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo capital markets, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotradergo, saxotv, selling, short, short sell, short selling, trade, trade idea, trade view, trader, traders, traders tale, trading, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com saxo tv, tradingfloorcom, us, us dollar, usd, usdcad
Clive Lambert says he is shorting USDCAD after the pair saw a significant sell-off on Wednesday.

The selling left resistance at around 1.3767-72 for the pair, which overnight failed at 1.3784. Lambert believes the pair will head lower today and in coming days and is looking to sell at 1.3750 with a stop above 1.3800 and his targets for the trade are 1.3660 and 1.3460.