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USDCAD: Bearish, short signals in play

The USDCAD has been rejected from the main resistance zone around 1.0680:

USDCAD

USDCAD

It will probably continue its way down to the next LT support zone around 1.0412, therefore I will be looking for short opportunities.

Trading Plan:

As long as the USDCAD keeps trading below 1.0607 I will be looking for short trade opportunities.
Long opportunities will be ignored.

Trade Safe!
Raul Lopez

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This entry was posted on Wednesday, February 3rd, 2010 at 4:25 pm and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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