I posted on May 8 th (Click here) that the $91 - $92 level on FXC (Canadian dollar ETF) would be a great shorting opportunity ! Look to what has happened to FXC this week as it reached $92.5 ! I go smacked ! Look at the reversal down to $89.2 .. and look at this volume on the downside !! The Canadian dollar is starting to top out and will see some distribution before it rolls over by the end of the summer and fall towards the $80 later this year.
FXC : Canadian dollar
