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Thread: USD/CAD
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Old 06-07-2005, 11:28 PM
profx10 profx10 is offline
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Quote:
Originally posted by rmac
Hi
Have been using last Fridays high/low as my entry for the trend downwardswhich today seen the daily RSI bearish.
I would like to see the 1.2450 taken out cleanly as ther must be option barriers at this level?
MAC

its weak support at 1.2450, if a major player was protecting it we would have seen a sharp increase in the USD, (for protection). Also 1.2450 has been broken several times, so the one touch options would be worthless. I cant see any reason for support at that level. (On my chart I have 1.2425-35 as support)

gl
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