[Haystack]

T.A. projects this slide to just below the 1.05 level. 1.05 is also a HUGE psychological level, and within 150 pips of the all time low on this pair. Keep your eyes open for a reversal in the very near future... the Canadian economy can't support a Loonie at this level for an extended period of time. Entering today may not be the best idea with Canadian GDP due out tomorrow, but you may want to watch closely after that to see where this pair is heading.