- Suspicious price action in USD/CAD. CAD employment >> expectations, and US NFP << expectations. Yet USD/CAD has rallied from 0.9930 (pre-data last Thurs close) to current 1.0037.
- Weekly : Intermediate SHS bottom probably looking for 1.0240.
- Daily : Saucer bottom. Impulsive strong close yesterday takes us above the upper bodies of recent candles. Upside momentum must see follow through to stay positive.
12 April 2012
USD/CAD : Long @ 1.0037
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1 comment:
Cut loss 0.9970
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