2010-07-05

Comment, recommendations, signals for forex traiders - currency USD/CAD intraday

USD/CAD intraday: under pressure.
Pivot: 1.068
MY preference: Short positions below 1.068 with targets @ 1.0555 & 1.053 in extension.
Alternative scenario: Above 1.068 look for further upside with 1.072 & 1.077 as targets.
Comment: the pair is rebounding on its support but remains under pressure.

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