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Australia	5.25%
Canada	2.25%
EMU	3.25%
Japan	0.3%
Swiss	1%
England	3%
US	1%

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USD/CAD - US Dollar Canadian Dollar, European Session - 14/05/08

14 May, 2008 @ 01:53 am EST

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1,0044. USD CAD is in a range between 1,0000 and 1,0100. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. The price should find a support above 1,0000. If the support is broken then the target will be 0,9800. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances: 1,0050 - 1,0100
Supports: 1,0000 - 0,9930

For more forex information, go to www.mataf.net

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USD/CAD - US Dollar Canadian Dollar, European Session - 14/05/08

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