Forex Forum

Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: machala on March 07, 2011, 05:04:25 pm

Title: Trade Idea: USD/CAD ? Sell at 0.9890
Post by: machala on March 07, 2011, 05:04:25 pm
Trade Idea: USD/CAD ? Sell at 0.9890

<p>Although the greenback has retreated again, as long as last week?s low at 0.9684 holds, further consolidation would take place and another corrective rebound to minor resistance at 0.9777 would be seen, above would bring retracement to 0.9830/40, however, renewed selling interest should emerge below 0.9902 and bring another decline<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/DPHDngg3ikA" height="1" width="1"/>

Source: Trade Idea: USD/CAD ? Sell at 0.9890 (http://feeds.actionforex.com/~r/ElliottWaveDailyTrades/~3/DPHDngg3ikA/)