DAILY USD/CAD OUTLOOK *** 12 Mar 2013 08:05GMT ***
Usd's rebound fm 1.0234 to 1.0296 Fri signals pullback fm Mar's 8-mth 1.0343top has ended there n MT upmove shud resume soon to re-test said res.
Trade fm long side n only below said 1.0234 wud abort n risk stronger correction twd 1.0200/05.
STRATEGY : Long at 1.0270
POSITION : Long at 1.0270
OBJECTIVE : 1.0340
STOP-LOSS : 1.0230
RES : 1.0343/1.0362/1.0446
SUP : 1.0234/1.0217/1.0160
Usd's rebound fm 1.0234 to 1.0296 Fri signals pullback fm Mar's 8-mth 1.0343top has ended there n MT upmove shud resume soon to re-test said res.
Trade fm long side n only below said 1.0234 wud abort n risk stronger correction twd 1.0200/05.
STRATEGY : Long at 1.0270
POSITION : Long at 1.0270
OBJECTIVE : 1.0340
STOP-LOSS : 1.0230
RES : 1.0343/1.0362/1.0446
SUP : 1.0234/1.0217/1.0160