Canadian Dollar

Chart courtesy of Metastock. Data provided by Quote Center.

Sorry for the later than usual update today.

We have another sell signal on the hourly USDCAD pair and since the original signal we have moved down nearly 300 pips.

I am short on this pair already and am awaiting a break above the resistance on the Cable or a signal to go short. We had a Doji on yesterdays Cable and have made a move down since then. I am awaiting a confluence of events before pulling the trigger on this one.

Congratulations to Carole for moving over from shares to currency and making a 76 pip move overnight.

Thanks Carole, Mark and Kenny for our gift.

Good luck to you all today.