Tuesday, March 20, 2007

USD/CAD - 4 HRS CHART
PAIR TAKES THE TUMBLE...



This pair take the tank by nearly 150 pips. Previously i said that this will emerge int0 3 wave formation say Wave A,B and C.Now the fall from 1.1786 is the Wave C. As per my calciulation the Wave C termination points comes at 1.1639 (1.1786-(1.1825-1.1678). The current tumble made my calculation wrong and it made thecurrent bottom at 1.1624. The next big support comes at 1.1563