Wednesday, March 19, 2008

Canadian Dollar Update



Today the Canadian dollar had a large move down breaking its uptrend line. I've been long the Canadian Dollar based on cycles and the overall trend and exited the trade today at a loss. My original protective stop was below the February low but I decided to exit sooner because I feel the current momentum is against me. I can always get back into the trade if I see things firm up.

2 comments:

John said...

Kevin,

Thanks for the update.

John

Anonymous said...

i concur.. dollar/USD seem to be firming up

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