Friday, March 12, 2010

USDCAD Daily versus Weekly Market Thought 12032010

Disappointing CAN jobs report CAN jobs +21K Unemp rate drops to 8.2% from 8.3% -> USDCAD new lows again.

Nothing new here à last update here http://bit.ly/8ZvLA6 .

Next support 0.9994, 0.9924 and major support weekly chart 0.98.

Resistances: 1.0220, 1.0340 and 1.0390.

Stay alert weekly close below 1.0220 expect 0.9994 possible extension 0.98 ( support weekly chart).

Good luck




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