Friday, October 5, 2007

USD/CAD


I'm starting to like the long side of the usd/cad. This pair is making new 30 year lows. I will start accumulating a long term position on dips around 0.9800-0.9700. Don't get sucked in and short if this pair starts to push lower... unless you're in a charitable mood and want to give your money away. If you are, let me know and I'll send you my bank wire instructions. = )

1 comment:

FXTrader said...

The usd/cad rallied up to the 0.9900 area and then came back down to retest the lows. Consider this as another chance to get long before the train leaves the station. Price is currently at 0.9806.