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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: machala on March 16, 2011, 05:01:19 pm

Title: Trade Idea: USD/CAD ? Buy at 0.9795
Post by: machala on March 16, 2011, 05:01:19 pm
Trade Idea: USD/CAD ? Buy at 0.9795

<p>Although early anticipated rally to 0.9974 adds credence to our view that wave 5 has ended at 0.9667 last week, the subsequent retreat from there suggests consolidation with initial downside bias would be seen and weakness to 0.9790/00 cannot be ruled out, however, reckon previous minor resistance at 0.9760/65) would<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/aa5PNA93CoE" height="1" width="1"/>

Source: Trade Idea: USD/CAD ? Buy at 0.9795 (http://feeds.actionforex.com/~r/ElliottWaveDailyTrades/~3/aa5PNA93CoE/)