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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: machala on March 08, 2011, 05:07:43 pm

Title: Trade Idea: USD/CAD ? Sell at 0.9890
Post by: machala on March 08, 2011, 05:07:43 pm
Trade Idea: USD/CAD ? Sell at 0.9890

<p>Near term sideways trading is likely to continue and as long as last week?s low at 0.9684 holds, initial upside risk remains for another corrective rebound to minor resistance at 0.9777, above would bring retracement to 0.9830/40, however, renewed selling interest should emerge below 0.9902 and bring another decline later.<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/Gk707cHSZ4s" height="1" width="1"/>

Source: Trade Idea: USD/CAD ? Sell at 0.9890 (http://feeds.actionforex.com/~r/ElliottWaveDailyTrades/~3/Gk707cHSZ4s/)