Trade Idea: USD/CAD – Buy at 1.0465

By | July 3, 2010

Although the greenback has rebounded, above indicated resistance at 1.0680 (b leg top) is needed to retain bullishness and signal upmove has resumed in wave (iii) and bring further gain to 1.0750, then retest of wave (i) top at 1.0854, otherwise, further consolidation would be seen and another corrective fall to 1.0460/70 cannot be ruled out.

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