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Wednesday, August 5, 2009

Will the USD Weaken Further Against the CAD?

Further weakness in the USD is expected. Here are the details of our trade strategy which may be added to upon further analysis even if the second unit is not filled. Be sure to get up-to-the-minute alerts on your mobile phone by following us on twitter.

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USD/CAD Sell 1 unit at 107.70 Stop Loss at 108.0, Take profit at 106.85
Risk: 46 pips ($420/$42)
Reward: 85 pips ($810/$81)


From the Desk of
Aaron Reid
Trade Analyst

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