Tuesday, March 3, 2009

I read some other experts commentary and it sounds like they agree with what I posted last week...one guy is even calling it the trade of the week..its in a mood to sell but if the NY STock Market keeps going backwards everyday that gives it the support it needs to climb higher so keep it on your watch list Forex Traders USD/CAD will reward you with a fat short sale at some point in time inthe near future. Today we have the CAD Intrest Rate Statement out at 9:00 am Eastern/New York time. We will need to watch this for an indictaion of where USD/CAD is headed in the short term.My new target high for a good sell of is in the 1.3000/50 range. So keep this chart up on your work station and lets see how this plays out as we get further along into this weeks trading.

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