Resistance 3: 1.0180

Resistance 2: 1.0140/50

Resistance 1: 1.0090/1.0100

Latest New York: 1.0071

Support 1: 1.0020/30

Support 2: 1.0000

Support 3: .9970/80

Other Things to Watch/Open Trades/News

4-29-08 SHORT USD/CAD 1.0130 Stops @ 1.0230

SELL on a close under 1.0050 today

Failure to close above the 101.80 area suggests

the rate has a failed rally (top of range).


Sharp break early Monday suggests sellers trying to take control; bounce off the

MA’s expected but volumes not high. OK to hold through the close if not stopped out as stops are out of range from last week. Close below 1.0100 now needed to set up break into the bottom of the range in my view. Lack of downside follow-through Friday suggests rate is stuck. OK to day trade from both sides if aggressive.

Rate closed under the 1.0100 area today, look for a close under 1.0040/50 area to set-up a deeper pullback later this week; stops likely under the .9980 area in size

Nothing to do but continue to wait in my view; price is inside no man’s land

Data due Thursday: All times EASTERN (-5 GMT)

11:45am CAD BOC Governor Carney Speaks

Analysis by: written by Jason Alan Jankovsky


Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.