USDCAD in a 3 month bull run & had no trouble breaking resistance at 1.1155/60 as expected to hit our target of 1.1220/25. As I write we have topped
USD/CAD Spot Daily Forecast - 01 October 2014USDCAD in a 3 month bull run & had no trouble breaking resistance at 1.1155/60 as expected to hit our target of 1.1220/25. As I write we have topped exactly here over night but stick with the bulls & look for 1.1245/50 to exit any longs. Above we meet this year’s high at 1.1278 & can try shorts within the 1.1255/75 band, with stops above 1.1295.
Immediate support is 1.1185/80 & could hold the downside but below here a buying opportunity at 1.1155/1145, with stops below 1.1125.
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