Posted on October 2, 2007 at 22:57 in Uncategorized by jfurst
Is US Dollar Oversold or In Need of a Bounce?
The Loonie seems to have stabilized right around parity with the US Dollar after hitting lows of 0.9910. With no significant news coming out of Canada until Friday’s employment numbers, price may bounce between 1.007 and the recent low.
Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), he is also a mentor and trading coach to select clients.