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Wednesday, 9 May 2012

2012.05.09 07:11:51 USD/CAD intraday: continuation of the rebound.

USD/CAD intraday: continuation of the rebound. Update on supports and resistances. Pivot: 0.9975 Our preference: Long positions above 0.9975 with targets @ 1.005 & 1.007 in extension. Alternative scenario: Below 0.9975 look for further downside with 0.995 & 0.992 as targets. Comment: the RSI is bullish and calls for further upside. Key levels 1.01 1.007 1.005 1.0021 last 0.9975 0.995 0.992 Trading Central recommends MT5 to publish FX charts Copyright Trading Central 1999-2011

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