Trade Idea: USD/CAD ? Sell at 0.9900

Trade Idea: USD/CAD ? Sell at 0.9900

<p>Although the greenback retreated after Friday?s rebound to 0.9875, break of last week?s low at 0.9816 is needed to confirm recent decline has resumed and extend weakness to 0.9760/70 and possibly towards indicated eventual downside target at 0.9710/15 (100% projection of 1.0210-0.9889 measuring from 1.0035) later.</p><img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/VOfeKU2z-74" height="1" width="1"/>

Source: Trade Idea: USD/CAD ? Sell at 0.9900