Temporary Rise In Dollar During Uncertainty?
The markets hate uncertainty and as Quebeckers go to the polls on Monday. While the USD is atregthening against the CAD for the third day, Bloomberg reports separatists are gaining strength in their quest to preserve what is French.
Polls Say Election is Close Call on French Seperatists
Traders should watch this trading opportunity closely as the Loonie could live up to its name if the national government "Cracks Up"
The Charts show a good entry point for either outcome (Click to Enlarge)
Note: this is not a recommendation to trade - anything can happen - but this is a great example of Technical and Fundamental Analysis at Work.
Who is Jerry Furst? As Sr. Analyst, and Founder of Investors Education Network (IEN), Mr. Furst is also a mentor and trading coach to select clients. Tune in to see his live Webcasts on FX Street.com
Jerry can be reached at JerryB1st@ienweb(dot)com or visit www.InvestorsEducationNetwork.com.
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