usdcad-hourly-19-feb-09

I was beginning to think either my screen was broken or the market had just simply forgot that selling USD/CAD would be a good idea tonight. Expect it to find support in the 1.2410/30 region with 1.2350 and 1.2150 the next support levels to speak of.

Cover shorts at 1.2430 as we could trade sideways in a 1.2400/1.2550 range. Look to resell bounces to 1.2530 with a stop above 1.2600.