07 April 2010

CAD : Best of the Best

  • USD/CAD @ 0.9996; EUR/CAD @ 1.3375 last.
  • USD/CAD - not much support until around 0.9700 (5 big figures equi-distance downside from 1.0204 / 1.0750 consolidation zone).
  • EUR/CAD sliced through 1.3486 support without any apparent difficulty at all.
  • Newton's 1st Law : A trend in motion remains in motion until ...   Stay long CAD until an external force comes along to ruin the party.

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