Friday, January 8, 2010

$/Cad

The NFP report came out showing many more job losses than the market expected.
This was very bad for the dollar just after the report. The general technical picture that i described will PROBABLY be restored after the dust has settled.

Our position on the $/Cad is pretty much as it was at entry 1.0357. I am closing this position now for a small profit and going into the weekend flat.

I will post over the weekend on the technical situation for next week

Have a great weekend.

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