Monthly : Downtrend. New leg below 1.0204.- Weekly : Downtrend. Broken below 6-month consolidation range 1.0204 to 1.0750. Equi-rectangle objective = 0.9658.
- Daily : Bounced from low of 1.0059 to high of 1.0243. Yesterday's and today's candlesticks (=local shooting stars) suggests bounce over. Selling should resume soon. Last 1.0159. Already maxed out short position but would consider day trading from short side by selling uptics.
24 March 2010
USD/CAD : Daily Turning Back Down
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