USD/CAD Thoughts – 5M Chart

by robbooker2 on March 26, 2012

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A short-term view of the USD/CAD. I know some of you appreciate a “quickie” every once in a while.

I like a buy trade only if the pair jumps above .9975, and I don’t even much care for it then. I’d rather sell. Here’s how and why.

I like a sell trade if we rise up to the .9950 area and then turn. Jennifer likes to draw green circles on her charts, so I’ve done that here – and that’s the space I’m watching. Aggressive short term traders might take a short-term buy trade in that space, and exit when the bottom of the dark cloud is touched.

Touch the bottom of the dark cloud, USD/CAD. You know you want to!

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