Wednesday, September 19, 2012

USD/CAD intraday: intraday support around 0.972.


Pivot: 0.972
Our preference: Long positions above 0.972 with targets @ 0.977 & 0.98 in extension.
Alternative scenario: Below 0.972 look for further downside with 0.969 & 0.9665 as targets.
Comment: the RSI has just landed on a support around 30% and is reversing up.

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