USDCAD

Mr Price is Battleling witht the weekly Pivot @0.9729 if broken and held and Mr prices takes out 0.9775 we could see some further gains. we have a slight pressure up in bids and a  poseidon trend fork up. However we have a strong Dwn trend on the daily so this could be short live. as price as still below the 55DMA and 200DMA.I have to watch the the dolla index and oil and news for Conformation.

At the moment light entry @ 0.97247 stop @ 0.97120

Strong dwn trend on the Daily so i have to be careful as Mr Price Tries to find a bottom at the 100% expansion from the 21/12/2010 to the low of the 18/01/2011 to the high of 1.01 on the 31/01/2001