USDCAD
The CAD has made a nice effort to make it down to my previously posted level at the .9920 area. While .9970 gave it a tough battle for a while it was able to squeeze lower to .9940 missing the lower buy area by 20 pips. The .9920 area still remains valid but I will be cautious with new buys before the weekend.
GBPUSD
As in the previous post the buy zone for the GBP was 1.9370 to 1.9425. Several attempts at this area have provided good intraday bounces for 40 pips, 80 pips and the last bounce going all the way to 1.9597 3 pips from my target at 1.9600. Traders that held from buys around the 1.9378 area were able to capture a 200 pip move on this pair this week.
It has been a very good week. With proper trade management on the posted levels this week traders have been able to gain excess of 360 pips profit. Congratulations!
Have a good weekend and I look forward to another successful week starting next Monday.
Dustin
