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Thread: USD/CAD

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#7 (permalink)

06-07-2005, 09:25 PM

profx10

Economist

Join Date: Apr 2005

Posts: 507

Quote:

Originally posted by rmac
The big $ had a nice run up today but just managed to break last high as I shorted as my overnight charts was marked at 1.2499 on the third leg up.
Now we can see at 1.2450 is we can take out 1.2400 all the way down to 1.2360??.
Mac

its the 4th day now that it has been testing 1.2450, it looks like its going to break it either later tonight, or during the europe session. When compaired to the other USD crosses, the Loonie is undervalued. After it breaks support, I can see the Loonie trading as low as 1.20-1.21, in the near future

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