FOREX New York Session Video November 13, 2007

The USD/CAD had been dropping during the day's prior sessions. At the open of today's New York session, traders found the Loonie sitting at a trendline and the 55 ema on the hourly chart. Aggressive and conservative traders alike got their entry signals, and rode the bounce up to the tune of between 80 to 110 pips [depending on entry and exit].