Wednesday, January 28, 2015

Trade Idea: USD/CAD - Hold short entered at 1.2400

Although the greenback retreated from 1.2501, lack of follow through selling on break of 1.2400-05 suggests consolidation would be seen but reckon upside would be limited and bring another retreat later, below 1.2380 would suggest a minor top has possibly been formed at 1.2501, bring test of support



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