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Thursday, 19 July 2012

2012.07.18 21:54:36 USD/CAD intraday: under pressure.

USD/CAD intraday: under pressure.

Update on supports and resistances.
Pivot: 1.017

Our preference: Short positions below 1.017 with targets @ 1.0095 &
1.006 in extension.

Alternative scenario: Above 1.017 look for further upside with 1.02 &
1.023 as targets.

Comment: as long as 1.017 is resistance, look for choppy price action
with a bearish bias.

Key levels
1.023
1.02
1.017
1.01062 last
1.0095
1.006
1.0025


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