Thursday, February 25, 2010

Buying Key Reversal in USD/CAD for 1.0788 (200-DMA)

Buying USD/CAD at 1.0569 with a 1.0513 Stop (55-DMA).
Target is the 200-DMA at 1.0788.

We saw a Key Reversal on Feb 23 and today we are breaking through the 21-DA at 1.0571 with a 2-nd high high that favors holding a long position.

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