DAILY USD/CAD OUTLOOK: March 8, 2013


DAILY USD/CAD OUTLOOK - 1.0309

08 Mar 2013 07:53GMT

Usd’s rally to 1.0337 Wed signals MT upmove has resumed n upside bias remains to re-test last Fri’s 8-month high at 1.0343, break, 1.0375 later.

Trade fm long side with stop as indicated n only below 1.0255 suggests temp. top made, 1.0217.

STRATEGY : Long at 1.0310

POSITION : Long at 1.0310

OBJECTIVE : 1.0375

STOP-LOSS : 1.028

RES : 1.0343/1.0362/1.0400

SUP : 1.0269/1.0255/1.0217