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Wednesday, 9 May 2012

2012.05.09 06:21:30 USD/CAD intraday: continuation of the rebound.

USD/CAD intraday: continuation of the rebound. Update on supports and resistances. Pivot: 0.995 Our preference: Long positions above 0.995 with targets @ 1.005 & 1.007 in extension. Alternative scenario: Below 0.995 look for further downside with 0.992 & 0.99 as targets. Comment: the RSI is bullish and calls for further upside. Key levels 1.01 1.007 1.005 1.0018 last 0.995 0.992 0.99 Trading Central recommends MT5 to publish FX charts Copyright Trading Central 1999-2011

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