Im not so sure... Yes it has been falling for like 5 years now... But I think we have seen the bottom... There is great support at the .95 mark and if it break it, I would say SHORT definitely, but for now, I would go long... Although, I would wait till tomorrows GDP and Interest rate statement first...
Im not so sure... Yes it has been falling for like 5 years now... But I think we have seen the bottom... There is great support at the .95 mark and if it break it, I would say SHORT definitely, but for now, I would go long... Although, I would wait till tomorrows GDP and Interest rate statement first...
Ignored
Certainly heard that before.
Any rise in the CAD will be short term. Oil Prices just are not going to go down in the foreseeable future. The US is being depressed by many factors that don't seem to be letting up anytime soon either. Oil is the main factor when looking at the CAD.
The basis of a democratic state is liberty. ~ Aristotle
Any rise in the CAD will be short term. Oil Prices just are not going to go down in the foreseeable future. The US is being depressed by many factors that don't seem to be letting up anytime soon either. Oil is the main factor when looking at the CAD.
Ignored
I'm not saying we are going to see a turn around of a long term effect... What I am saying is the incredibly steep slope of these pairs are coming to a slow... I foresee this pair going back up to .96, then another attempt to break .95... After tomorrows numbers, Ill have more insight...
