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USDCAD – NFP triggered a bearish market condition

Last two weeks the USDCAD was trading in a well defined range, in between 1.0662 and 1.0488, but earlier this morning just after the NFP announcement, the USDCAD broke the lower extreme of the range:

USDCAD

USDCAD

Its Friday and probably a little late to start a position right now, but I will definitely look forward for a trade in the USDCAD early next week!

Have a good weekend!

Raul Lopez
http://www.straightforex.com/

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This entry was posted on Friday, September 3rd, 2010 at 1:42 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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