We are looking at no specific trades yet today but will
monitor a couple of formations closely.
The Canadian Dollar appears to be in a
corrective upswing in a broader downtrend. I would consider a negative bias if
it trades up to 100.08.
The Aussie Dollar sits precariously on long term trend
support. Trade of 103.38 will be an
indication of further weakness.
We will be watching the Yen, as always, for any
indication of a bottom or a reversal pattern.
Jim