05/04/2016 – Canadian Dollar

June Canadian dollar:

1. In yesterday’s (Tuesday, May 3) Williams edge live meeting it was noted that while the June Canadian dollar had completed our forecast for a short entry from $79.00 to $78.73, a further decline was expected into today (Wednesday, May 4) with a test of $78.23 (or lower).

2. Subsequently, the June Canadian dollar declined further and today completed the $78.23 downside target (today’s session low, $77.92, so far). This successfully completes the forecast/trade. Will message any further entry or indication in the June Canadian dollar.

David Williams