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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
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subway90
Posts: 1078
12 years ago
Feb 9, 2012 4:26
CAD might see a bounce from 9900/9910 area... but bigger picture looks like a bearish set up.....
might see potential bounce to 1.0120/1.0150 area.... but could go lower from there....

break below 9890 is the first signal downtrend could've resumed and break of 9780 confirms for move to new lows below 9406.....
Nor
Lemberg, Canada
Posts: 249
12 years ago
Feb 9, 2012 0:27
thanks Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Feb 8, 2012 23:48
My 55wma right on the 9910
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Feb 8, 2012 23:07
Nor

All my last 5 trades in USDCAD were longs..we may have the first up week after 4 straight down weeks (longest losing streak since Oct). Looks like it may bounce off the 55 WMA of 09968.. my Premium stop of remaining long is at 09910 but the first target is quite high..so considering to lower it


Ashraf
Nor
Lemberg, Canada
Posts: 249
12 years ago
Feb 8, 2012 22:56
anyone with clear picture on usd/cad?.... midterm
looks like it can drop to 95 or jump to 1.10+
subway90
Posts: 1078
12 years ago
Feb 7, 2012 16:45
as i've been mentioning... Aud is quite bullish and well supported....

gl/gt
subway90
Posts: 1078
12 years ago
Feb 7, 2012 7:59
Aud would likely face some resistance around 1.0830/50 area initially for pullback to low-mid 1.07xx level.... but mid-longer term points much higher... break of 1.0683 support would see dip to 1.06 but as long as 1.06 holds... expecting continuation higher toward 1.11/1.12 b4 bigger pullback could take place..

only break below 1.0525 would see Aud bulls threatened and may see test of important 1.0380/1.04 support....

gl/gt
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Feb 7, 2012 7:38
stopped out hard....market anticpation wrong RBA did not cut.
Callum
Singapore, Singapore
Posts: 179
12 years ago
Feb 7, 2012 7:17
AUD, once again saved the global financial crisis ... :-) Even EUR is somewhat enjoying this ...
jacek
Melbourne, Australia
Posts: 2579
12 years ago
Feb 7, 2012 4:29
RBA holding the war flag... telling aussie banks to toe the RBA line or else!..:-)
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