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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: machala on February 22, 2011, 05:11:12 pm

Title: Trade Idea: USD/CAD ? Sell at 0.9900
Post by: machala on February 22, 2011, 05:11:12 pm
Trade Idea: USD/CAD ? Sell at 0.9900

<p>As the greenback has rebounded after holding above indicated support at 0.9816 (last week?s low), suggesting further consolidation above this level would take place and retracement to 0.9904 (last week?s high) cannot be ruled out, however, reckon 0.9945/50 would hold and bring another decline later. A break of said support<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/ajqiEqEyK5A" height="1" width="1"/>

Source: Trade Idea: USD/CAD ? Sell at 0.9900 (http://feeds.actionforex.com/~r/ElliottWaveDailyTrades/~3/ajqiEqEyK5A/)