Despite yesterday's rally to 1.3086, the subsequent stronger-than-expected retreat dampened our bullishness and suggest the rebound from 1.2654 has ended there and downside risk is seen for weakness to 1.2800 and possibly towards 1.2750, however, break of latter level is needed to add credence to this view, then further fall to 1.2700 would follow.
Friday, 17 June 2016
Trade Idea: USD/CAD - Stand aside
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