Archive for April, 2013

USD/CAD

USDCAD

Looks like USD/CAD is going to reenter the value area. We may bounce around 23% and 38% before it settles and begins its descent. Looking to sell as it reenters, and take profit at POC /161% fib extension.

GBP\USD

GBPUSD

Price is trying to reenter the value area. It is currently being held up by the 61.8% fib extension. I’d expect a retest of the value area low before it finds acceptance in the value area…