Sunday, March 31, 2013

Will USD/CAD continue down?

USD/CAD looks like it will go down and test 20-period EMA (Weekly chart) at 1.0085 over the next few weeks.  In addition, this is around the 38.2 % retracement of the run up from 0.9632 to 1.0341.  See earlier post about the USD/CAD short trade.  See previous USD/CAD post.

Friday, March 22, 2013