Friday, March 16, 2012

Forex pairs to observe-3.15.2012

Aud.Cad

The retracement on the higher timeframes came to a halt today when it decided to form a nice bull crown on the hour. This pair has the potential to come down to meet its left tip around 1.0400 level where support levels can be found. If support holds i will be anticipating a continuation towards the north. The bulls are currently after 1.0500 with a fib target of 1.0543. Do proceed with caution around the downwards trendline from the higher time frame.

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