Friday, August 1, 2014

Trade Idea: USD/CAD - Buy at 1.0835

Despite intra-day brief rise to 1.0944, lack of follow through buying on break of yesterday's high of 1.0930 and current retreat suggest minor consolidation would be seen and pullback to 1.0850 cannot be ruled out, however, reckon 1.0820-25 would limit downside and bring another rise later, break of said resistance



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