This thread was started in response to the Hot-Chart:

Top in Dollar Index? by: Ashraf Laidi
Posted: March 12, 2009 ET
Comments: 5
View Hot-Chart

Morty, check out today's HotChart on USDCAD. i awlays said CAD is maid the worst performers against CAD and it will continue this way for a while.

Ashraf

G'day

At this point, do you believe that the CAN dollar will trend downwards with the USD, or hold strong and post substantial gains vs USD? Also, the AUS has had substantial gains as you have predicted, but will this continue vs. the CAND?

Regards

Gday, Do you still believe that the Canadian Dollar will continue to trend down with the USD when compared to other currencies such as the Aussie?

Keoh, if you mean the $1.3740, then yes, I think it will break above it and could go towards $1.3820 as early as today.

Ashraf

Hi Ashraf,

I follow your commentaries and tv appearances closely. Your viewpoint is one of the most accurate around. where do you think eurusd is going next? will it break the downtrend line from july 08 which coincides quite closely with the 38% retrace of the 1.60/1.23 move? where might support be if it fails to break?