Monday, July 23, 2012

USD/CAD Jul 23-2012

Trade Idea USD/CAD intraday: further advance.
Pivot: 1.01
Our preference: Long positions above 1.01 with targets @ 1.017 & 1.02 in extension.
Alternative scenario: Below 1.01 look for further downside with 1.0085 & 1.006 as targets.
Comment: the RSI is supported by a rising trend line.

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us
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