Friday, December 28, 2012
Canadian Dollar Update by @JimIuorio
Attached is a 50-day chart of the CDH3.
We have been
patiently waiting for a move to 100.17 to initiate a long bias. Although we did not quite get there the trade down to 100.27 is
close enough to get us to adopt a long bias at current levels
(100.34).
We look for an initial move up to 100.79 and eventual move to
101.60. Exit long on settle below 100.09 (that is a 0.618 retracement of the up move that
began in mid Nov).
Jim
Thursday, December 27, 2012
Wednesday, December 26, 2012
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