Monday, September 17, 2012

USD/CAD intraday: the upside prevails.


Pivot: 0.9665
Our preference: Long positions above 0.9665 with targets @ 0.974 & 0.977 in extension.
Alternative scenario: Below 0.9665 look for further downside with 0.963 & 0.9585 as targets.
Comment: the RSI broke above a bearish trend line.

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