Wednesday, October 29, 2014

Trade Idea: USD/CAD - Buy at 1.1080

Although the greenback has fallen again after yesterday's selloff on soft US data and near term downside risk remains for the decline from recent high of 1.1366 (tentatively wave iii top) to bring retracement of recent upmove in wave iv, reckon downside would be limited to previous support at 1.1072



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