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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
might see potential bounce to 1.0120/1.0150 area.... but could go lower from there....
break below 9890 is the first signal downtrend could've resumed and break of 9780 confirms for move to new lows below 9406.....
All my last 5 trades in USDCAD were longs..we may have the first up week after 4 straight down weeks (longest losing streak since Oct). Looks like it may bounce off the 55 WMA of 09968.. my Premium stop of remaining long is at 09910 but the first target is quite high..so considering to lower it
Ashraf
looks like it can drop to 95 or jump to 1.10+
gl/gt
only break below 1.0525 would see Aud bulls threatened and may see test of important 1.0380/1.04 support....
gl/gt