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Archive for March, 2007

Short Term Analysis – March 2, 2007

Friday, March 2nd, 2007

USDCAD

20070302_usdcad_1.gifUSDCAD is in correction to the down trend, further rise towards 1.1800 is still possible in the next several days. Near term support is at 1.1655, a break below this level may signal the resumption of the down rend.

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Short Term Analysis – March 1, 2007

Thursday, March 1st, 2007

USDCAD

20070301_usdcad_1.gifUSDCAD’s correction to the down trend is underway, further rise towards 1.1760 level to reach the next cycle top is still possible in the next several days. Near term support is at 1.1655 and key support is at 1.1585, only break below 1.1685 may signal the resumption of the down trend.

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