Written by Ross Mullins
Friday, September 3rd, 2010
Buy posted to TAP at 9:49am ET, buy USDCAD at 1.0405. While there is some caution on NFP day, often news helps satisfy technical indicators. With today’s fall for this pair it is testing a 4hr trend line at 1.0400 which also aligns with a fib from the previous uptrend. Use appropriate risk on this highly volatile day. Also just before long 3 day weekend because of US holiday on Monday.
