Intraday Market Thoughts
Archived IMT (2009.11.10)
by
Nov 10, 2009 17:30
GBPCAD drops for the second straight day reaching 1.7535 and nearing the 55day MA at 1.74. But the pair will first have to retest the 1.7496 support, followed by 1.7330 low. Wednesday's release of UK Oct unemployment and BoE inflation report could risk triggering a break of the GBPCAD support. Also watch out out for the development of the weekly chart in GBPCAD. A REPLAY OF ASHRAF's BNN interview yesterday http://bit.ly/3nHM4
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