Usd-cad
Well, the downward trend is still veyr much in place.
Looks as though this secondary trend will continue and so long we don't see any significant break upwards of the 1.1050 resistance - i think down is a very safe bet.
It is important to note that the current, minor trend, is showing signs of prolonged consolidation between 1.1030 and 1.1 (the lower boundary of which is a strong support). A break below 1.100 should be a strong sell sginal while a significant break above 1.1140 looks like the strongest of all Buy signals at the moment.
Last edited by ForexNinja; 05-09-2007 at 05:05 AM.
Reason: No soliciting
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