03/30/2016 – Canadian Dollar

Issued: 03/28/2016

June Canadian dollar:

1. Under normal conditions the June Canadian dollar is expected to test $75.45 (or slightly lower) into Wednesday, March 30 (+1 day). Today’s June Canadian dollar daily close was $75.84.

2. While the June Canadian dollar could be shorted for the above-noted decline, a more important bottom is indicated into Wednesday, March 30 (+/-1 day). Should the market confirm as noted above, new long entry will be messaged in a subsequent update.

David Williams

Issued: 03/30/2016

June Canadian dollar:

1. Under normal conditions the June Canadian dollar was expected to test $75.45 (or slightly lower) into Wednesday, March 30 (+1 day). Aggressive traders were instructed to wait for a failure between $76.10/.20 for new short entry. Therefore, any hourly or daily close above $76.20 would negate the indication.

2. Although the June Canadian dollar temporarily reacted off the $76.10/.20 level, it later closed hourly (and daily) above those levels on Tuesday, March 29 at $76.29, negating the short entry and resulting in a very loss. Will message any further entry or indication in the June Canadian dollar.

David Williams