Tuesday, November 07, 2006

USD/CAD
HEADING TOWARDS 200DMA



Since last 5-6 months this pair is trading within the Symetrical Traingle formation. And now its getting ready to test its 200dma which is at 1.1294. A break below the 200dma then it test the 1.1179. And the strong resistence is the 1.1400 which is the top of the Triangle line.