Chart of the Day - Eur/Cad

Daily Forex Technicals | Written by TheLFB-Forex.com | Aug 18 08 03:05 GMT |

The Loonie appears to have entered into a holding pattern with 1.0730 as a top and 1.0560 as the bottom. The pair had been on a tear upwards since the middle of July and abruptly hit the 1.0730 roadblock two weeks later. The daily RSI has reached overbought territory while volume and ATR are on the increase. The loonie will have core retail sales on Wednesday, and core CPI on Thursday. Written by TheLFB Trade Team, © 2007-2008 LFB Services, LLC. All rights reserved. http://www.TheLFB-Forex.com TheLFB Risk Disclaimer can be found at http://www.thelfb-forex.com/content.aspx?id=174. The Copying, Broadcast, Republication or Redistribution of TheLFB Content is Expressly Prohibited Without the Prior Written Consent of LFB Services, LLC.