29 Apr 2015
USD/CAD remains a sell for 1.1950 – Growth Aces
FXStreet (Barcelona) - The Growth Aces Research Team maintains their short position on USD/CAD, targeting 1.1950 levels.
Key Quotes
“Poloz’s speech supported our short USD/CAD position. Although the rate did not reach the target of 1.2000 and hit the lowered stop-loss at 1.2050 today, we took profit on our short position opened at 1.2280. We are looking to get short again at 1.2160.”
“Resistance:1.2045 (session high Apr 29), 1.2116 (high Apr 28), 1.2205 (high Apr 27)”
“Support: 1.2014 (session low Apr 29), 1.2000 (psychological level), 1.1989 (38.2% of 1.0620-1.2835)”
“USD/CAD: sell at 1.2160, if filled - target 1.1950, stop-loss 1.2260, risk factor **”
Key Quotes
“Poloz’s speech supported our short USD/CAD position. Although the rate did not reach the target of 1.2000 and hit the lowered stop-loss at 1.2050 today, we took profit on our short position opened at 1.2280. We are looking to get short again at 1.2160.”
“Resistance:1.2045 (session high Apr 29), 1.2116 (high Apr 28), 1.2205 (high Apr 27)”
“Support: 1.2014 (session low Apr 29), 1.2000 (psychological level), 1.1989 (38.2% of 1.0620-1.2835)”
“USD/CAD: sell at 1.2160, if filled - target 1.1950, stop-loss 1.2260, risk factor **”