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Dynamic Trader Blog - Forex Chart Pattern Signals

Friday, May 01, 2009

Will the Loonie hold?

Good Morning Dynamic Traders,

The Loonie did a small bounce up at the threat of a double bottom but there were more sellers than buyers in the market and therefore price found momentum to the downside. It has found an element of support at the VI as expected. If it breaks through the support, there are a further couple of support areas identified in the chart below.

Wish you an awesome long weekend.

Good Trading!
Bijal Shah