USDCAD — a strong short ideaUSD/CADOANDA:USDCADTylerWhite_Despite the fact that the dollar has strengthened significantly in recent days, I’m looking for short opportunities. The Canadian dollar is the best candidate for this setup. Price is near a strong resistance zone at 1.371 The dollar’s rally cannot last long — especially considering potential budget issues. You’ve probably heard about the lawsuits regarding compensation for незаконные tariffs. If the courts side with importers, it could widen the budget deficit even further, since the government would have to refund illegally collected tariffs. There is a large bearish liquidity pool visible on the USDCAD pair The Canadian dollar is a commodity currency. It is likely to strengthen along with oil Short either at market price or from the 1.371 resistance level. Main target: 1.3640 (local support level)