MUTUALFOREXFUND ABOUT USDCAD USDCHF

Updated: 09/30/2008 16:00
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EurUsd traded lower yesterday and tested the support levels again around 14550 The euro has already bounced a few times back up for

Eur/Usd traded lower yesterday and tested the support levels again around 1.4550. The euro has already bounced a few times back up for more than 100 pips. Move on Usd/Cad to new lows surprised a lot of traders out there, who were prepared to jump short. The reason for this move lower was due to the poor unemployment and new home sells numbers in the U.S. As a result, a lot of stop losses were probably hit yesterday. Traders should be very careful with the positions in this choppy market like we saw this week.

Today we reviewed the Usd/Cad chart again and the Usd/Chf pair for possible lower moves in the next week.


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