10 March 2010

USD/CAD : Watching 1.0204

  • Short USD/CAD as part of -EUR/+CAD cross (my best trade this year).
  • USD/CAD now at 1.0270.
  • Monthly = down.
  • Weekly = Consolidation zone 1.02/1.075. Expect eventual break of downside of this range. Sell stop below 1.0204 for a shot at parity.

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