DAILY USD/CAD OUTLOOK - 1.0255
27 Feb 2013 08:07GMT
Despite usd's retreat after extending MT upmove fm Jul's low at 0.7756 to 1.0304 y'day, 1.0242 sup shud hold n further gain twd 1.0341 is still seen.
Trade fm long side n only firm breach of said 1.0242 signals temp. top made, risks 1.0200.
STRATEGY : Long at 1.0260
POSITION : Long at 1.0260
OBJECTIVE : 1.0320
STOP-LOSS : 1.0230
RES : 1.0304/1.0341/1.0362
SUP : 1.0242/1.0200/1.0160
27 Feb 2013 08:07GMT
Despite usd's retreat after extending MT upmove fm Jul's low at 0.7756 to 1.0304 y'day, 1.0242 sup shud hold n further gain twd 1.0341 is still seen.
Trade fm long side n only firm breach of said 1.0242 signals temp. top made, risks 1.0200.
STRATEGY : Long at 1.0260
POSITION : Long at 1.0260
OBJECTIVE : 1.0320
STOP-LOSS : 1.0230
RES : 1.0304/1.0341/1.0362
SUP : 1.0242/1.0200/1.0160