Monday, November 06, 2006

EUR/CAD 1.4393
TRADING BELOW ITS 200DMA




This pair is trading below its 200dma which is at 1.4413. After making the top of 1.4429 and now slowly heading towards the 1.4334. 30min RSI is slightly heading above the mid-point level. I feel it'll takesupport over here at the current levels of 1.4390. And for time being it'll trade within the rangeband of 1.4429 and 1.4334 a volatileof 95 pips.