Quote:
Originally Posted by cprao
I believe it will be going up.
If it can't break the upward resistance and closes below the support line, it will be hitting the long term support line started on 11/06/2007.
Any thoughts ??
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The 4 hour chart shows an established main trend. The 5,8,21,55,200 EMAs are in
proper order.
That suggest a further fall in the USD/CAD. Looking at the intermarket relationship to crude oil supports this because crude oil is rising @present.
I have posted my present USD/CAD position taken @17:30 EDT in the thread
Moving Averages in a trading strategy