German coalition breakdown is a short-term headwind for EUR strength, looking to sell rallies. EUR will be prone to knee-jerk reaction to political headlines. GBP continues to be a strong performer. Brexit developments and providing support. GBP weakness is a modest risk after climbing for a 5th straight session and testing early November highs. Looking to sell CAD prone to weakness with NAFTA negotiations weighing down on the BOC's ability to offer anything but foggy forward guidance looking to sell CAD rallies.
USDCAD
Sell: 1.2920
Stop: Above 1.2950
T1: 1.28
T2: 1.2750
NZDUSD
Buy: .6725
Stop: .6661
T1: .6825
T2: .7000