USDCAD - Buy at 1.2675 and 1.2651 (stop 1.2614), Tuesday
Updated
This week's first upside objective was met yesterday as the market used the 100 day mvg avg as a platform to reverse Friday’s setback. Net gains were not extensive and the 200 day average continues to be intact, on a closing basis. But although that introduces a strong note of caution, our technical studies are assessed as positive. So, this morning’s call is to Buy at 1.2675 and also buy a 1.2651, intraday Marabuzo line dip. The risk is 1.2614, yesterday's low, with upside targets of 1.2712, yesterday's high, 1.2726, Friday’s peak, and last week's 1.2758 high point.
Trade active
Close to 2nd target. Would raise stop to 1.2692 and cancel the buy at 51 idea
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