Trade Idea: USD/CAD ? Hold short entered at 0.9950

Trade Idea: USD/CAD ? Hold short entered at 0.9950

<p>Despite recovering to 0.9902 yesterday, as the greenback has retreated again from there, retaining our bearishness for a test of recent low at 0.9832, break there would confirm downtrend has resumed and extend weakness in wave (iii) for further fall to 0.9800 and eventually towards indicated downside target at 0.9710/15<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/bPSsyK9u_oA" height="1" width="1"/>

Source: Trade Idea: USD/CAD ? Hold short entered at 0.9950