I'm looking to go ahead and close this early...will give it another couple hours of thought.  

Good night!

Sitting on the fence right now as to what to do about the upcoming news tomorrow morning, with both the bailout plan as well as the NFP report coming. I was really hoping to see more action/bounce before the news but it looks like this pair wants to just drift around until the releases in the morning. I may try and close out one of the two 5k units if we can get some decent movement down again (which we saw earlier today with the drop to 107.65ish) and then move the s/l to breakeven.

More thoughts later...

A little chart below showing the obvious resistance point and what I'm going for...

Short USD/CAD @ 108.

10k units, looking for a decent drop back to 106.5ish levels, will move stops to b/e asap.

The risk/reward on this trade is excellent, backed by technical resistance @ 108. I'm concerned about the fundies/news out there right now along with the dollar strength...but will take this trade based on the risk/reward & technicals alone.