Friday 1 April 2011

New USD/CAD Setup and Update

Hi guys,

The dollar yen has moved higher so the setup I outlined did not trigger, so we move on. The 1423 level I talked about in gold has been very strong with multiple bounces as support and resistance. It will remain a key level to watch for the next few months.



The dollar canadian pair has been moving slowly lower over the last few weeks. If we get a breakout to the downside we are looking to sell a retracement to the 0.9667 level. This will be an excellent short term entry point.

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