ABOVE 1.0935 TODAY SETS UP BULLISH OUTSIDE WEEK
Usd/Cad: No new trade recommendations here. We are sticking with our current long position in the pair though and look for additional gains over the coming sessions with the market still showing plenty of room to run. Key resistance comes in by 1.0935 and we look for a push towards this level at a minimum. A break above 1.0935 will set up a bullish outside week. POSITION: LONG @1.0660 FOR AN OPEN OBJECTIVE, REVISED STOP @1.0660.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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