Last 1.0766, just below important chart resistance at 1.0782- Pulled back from recent low at 1.0630
- As usual, technical development coincide magically with fundamental uncertainty
- Depending on NFP, either downtrend continuation (and this turns out to be best entry for new shorts), or sharp squeeze on shorts. Never easy, is it?
- Long term trend traders remain short. NFP is just noise.
07 August 2009
USD/CAD : Crossroads b4 NFP
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