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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: pranjali on April 16, 2010, 11:05:47 am

Title: $/Cad, Quick Update (it did surge higher).......
Post by: pranjali on April 16, 2010, 11:05:47 am
$/Cad, Quick Update (it did surge higher).......
         


As suggested, took profits on the March 31st reshort at 1.0155, on the intraday break above at 1.0040 (versus waiting for the close due to the potential for such a surge). Currently, there is scope for further gains toward 1.0220/30 (Jan low) and even 1.0265/75 (38% retracement from the Feb...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/%24%10cad,-quick-update-%28it-did-surge-higher%29.......-20100416111146/