The Dec'09 Canadian Dollar is working higher and will remain aggressively bid above 9619 Inflection Pivot, pressing resistance at 9748. If the rally is going to stall it will here. A held violation however is a fresh positive that has the potential to accelerate the run up to 9902. 10016 is the extended target.
A break under 9619 signals a corrective trade with 9462 and 9398 the lower targets for any short term sentiment shift. Any trading at these levels will be a gift. Load up on the currency with the expectations of a new leg higher.
JS
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For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.
Identifying MARKET STATE, STRUCTURE and STRATEGY solutions
