CIBC: CAD Talk

From the FXWW Chatroom: CAD continuing out performance in wake of job data and Wilkins. CAD posn’s (as per imm) only pulled back from record shorts last week (but expect that has been further reduced last few sessions). The better data prints were well known, but the shift in emphasis from Wilkins was not expected. Rate hikes are about the economy being able to absorb them (even from low levels). This shift may be suggestive of data staying strong, in which case CAD will follow. 1.3210-25 now an obv focus, hi’s of feb and lo in april.
1.3200/40 could be good place to try some long scalp
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