12 April 2012

USD/CAD : Long @ 1.0037

  • 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.

1 comment:

Taichiseal said...

Cut loss 0.9970