Monday, May 26, 2014

Trade Idea: USD/CAD - Hold long entered at 1.0905

As the greenback has remained under pressure, suggesting caution on our near term bullishness but as long as support at 1.0850 holds, mild upside bias remains for the rebound from 1.0814 to extend gain to 1.0985-90 and possibly test of resistance at 1.1006, however, a daily close above this level



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