Intraday Market Thoughts
Archived IMT (2010.01.26)
by
Jan 26, 2010 14:49
USDCAD +4% in past 6 days on the always CAD-negative combination of falling oil and equities. USDCAD eyes a full retracement of the Dec decline, targeting 1.0730. Oils 200-day MA has not been breached since Jul, with the level now at 73.60. AUDJPY failed bounce at 80.45 looks for fresh retest of 79.80. GBPUSD eyes trend line support in the following chart http://chart.ly/zsh6cd
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