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USDCAD Discuss market action in the US Dollar versus the Canadian Dollar.

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  #101 (permalink)  
Old 11-03-2009, 10:34 PM
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USDCAD is back to "pre 120 pips GDP rocket" S&R levels. it took 24 hours longer than I thought but UC got there eventually.

In fact it's back to the pip...1.0650.
Does anyone know what caused the "120 pips GDP rocket" ?
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  #102 (permalink)  
Old 11-04-2009, 06:22 AM
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Does anyone know what caused the "120 pips GDP rocket" ?
Canadian released GDP numbers were below forecast.
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  #103 (permalink)  
Old 11-04-2009, 07:26 PM
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Quiet on the CAD economic data front until Thursday.
Another USDCAD pip rocket coming...or is it not...?

13:30 GMT CAD Building Permits M/M Sep
15:00 GMT CAD Ivey PMI Oct

Todays USDCAD range 1.0677 - 1.0584

Oil is hugging minor S&R around 80.46

Interesting Thursday coming up I reckon.
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  #104 (permalink)  
Old 11-05-2009, 04:27 PM
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Bounced right off of the resistance trendline...

And the way oil is consolidating, looks like a big flag to the upside on daily chart...the trend is still up for the year.

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  #105 (permalink)  
Old 11-06-2009, 08:17 AM
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Another USDCAD pip rocket coming...or is it not...?
There ya go...last friday's repeat...another "120 pips rocket" it was...
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  #106 (permalink)  
Old 11-11-2009, 05:09 PM
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Bounced right off of the resistance trendline...

And the way oil is consolidating, looks like a big flag to the upside on daily chart...the trend is still up for the year.
Just reading my previous post and took a look at the chart...doesn't make sense. Meant to put a chart of oil . Light on the CAD economic data front for the rest of the week.
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  #107 (permalink)  
Old 11-11-2009, 06:55 PM
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Light on the CAD economic data front for the rest of the week.
Yeah...another "120 pip rocket" coming friday would be nice. That would be the third in a row and one could start calling it a regular occurring event.
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  #108 (permalink)  
Old 11-11-2009, 08:49 PM
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Sellers have been "marking down" usdcad for about 2 weeks. Smart buyers are keeping their ears to the ground and money in their pocket until the "sale" starts.

Last edited by xtraction; 11-11-2009 at 08:51 PM.
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