Forex Market Daily Outlook on Minors USD/CAD : April 11, 2013


[B] DAILY USD/CAD OUTLOOK - 1.0142

11 Apr 2013 06:52GMT[/B]

Usd’s breach of Mon’s 1.0156 low to 1.0134 Tue suggests recovery fm last Thur’s 1.0103 low has end ed at 1.0236 (Fri), below 1.0125, 1.0103 again.

Sell on recovery for this move n only abv 1.0236 wud abort n risk further gain twd 1.0265.

STRATEGY : Sell at 1.0180

OBJECTIVE : 1.011

STOP-LOSS : 1.0216

RES : 1.0215/1.0236/1.0265

SUP : 1.0125/1.0103/1.0057