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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: machala on March 01, 2011, 05:03:57 pm

Title: Trade Idea: USD/CAD ? Sell at 0.9830
Post by: machala on March 01, 2011, 05:03:57 pm
Trade Idea: USD/CAD ? Sell at 0.9830

<p>Although the greenback has recovered after intra-day fall to 0.9684 and consolidation above this level with mild upside bias is seen for retracement to 0.9785/90, renewed selling interest should emerge around 0.9820/30 and bring another decline later. A break of said support would extend recent downtrend to 0.9650 and possibly<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/1K-XrNZKwLg" height="1" width="1"/>

Source: Trade Idea: USD/CAD ? Sell at 0.9830 (http://feeds.actionforex.com/~r/ElliottWaveDailyTrades/~3/1K-XrNZKwLg/)