Wednesday, October 24, 2007 12:37:40 PM
USD/CAD
The thrust higher once again to the 1.0 Fibonacci projection at .9717 has once again failed. This is a very bearish sign and still suggests that the 'line in the sand' at .9747 will remain intact.
Ready to get short? Not quite yet, if the equity market weakens further in late day trading, DXC and USD/CAD may move higher again. Now is the time to wait for the all pieces to come together.
The thrust higher once again to the 1.0 Fibonacci projection at .9717 has once again failed. This is a very bearish sign and still suggests that the 'line in the sand' at .9747 will remain intact.
Ready to get short? Not quite yet, if the equity market weakens further in late day trading, DXC and USD/CAD may move higher again. Now is the time to wait for the all pieces to come together.
BECAUSE YOU CAN READ THIS, THANK A TEACHER. BECAUSE IT'S IN ENGLISH, THANK A SOLDIER.
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