DAILY OUTLOOK ON USD/CAD February 27, 2013

[B]DAILY USD/CAD OUTLOOK - 1.0255[/B]

[B]27 Feb 2013[/B] [B][I]08:07GMT[/I][/B]

Despite usd’s retreat after extending MT upmove fm Jul’s low at 0.7756 to 1.0304 y’day, 1.0242 sup shud hold n further gain twd 1.0341 is still seen.

Trade fm long side n only firm breach of said 1.0242 signals temp. top made, risks 1.0200.

[B]STRATEGY[/B] : Long at 1.0260
[B]POSITION[/B] : Long at 1.0260
[B]OBJECTIVE[/B] : 1.0320
[B]STOP-LOSS[/B] : 1.0230
[B]RES[/B] : 1.0304/1.0341/1.0362
[B]SUP[/B] : 1.0242/1.0200/1.0160