Rallies In the USD

Rallies In the USD

Ok now that we have ahad some shake out price action in the majors and the minors lets resume our current points of view to see the EUR/USD resume its plunge . I thought it might reach the 1.4677 resistence marke and 50% retrace but it appears ready for a fall again? However lets not rule this out just yet. The USD/YEN seems poised to breach its 93.42 high and continue it bull dollar march. I still say it is likely to hit 110.00 before march 2010. The USD/CAN is quite low right now so lets take this trade and with proepr money management lets buy any dips. This is a good trade as like the YEN at 84.95 when I called it the CAN economy can't handle their currency this low. It is not desirable by the BOC or CAN governemnt and hammers the commodity driven export macros. This is where the CAN governement will likely start its jaw boneing again and assume a hawkish stance on the currency. That is not to say it canchange the overall trend but the central bank can take action which will ensue fear in the retail traders.
This is the focus currency righ tnow and holds the most promise fro a high probability trade.