Candlestick Daily: USD/CAD Quiet Ahead of BOC Decision

December 4, 2012 by stanh
Filed under FX News

CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Short Term)		Gradual rally continues, but key resistance levels loom at 1.3100 and 1.3121. See full report for more details
GBP/USD (Short Term)		Buy if GBP/USD pulls back to 1.6065, stop at 1.6025, target at 1.6160. Move stop to breakeven if rates rally to 1.6100 following entry
USD/JPY (Short Term)		Previous buy trade stopped out for a small 26-pip loss. Now watching for further weakness toward 81.70
USD/CHF (Short Term)		Bouncing from .9250 support, bias bullish above this floor
USD/CAD (Short Term)		Trade in progress: Sold at .9933, stop at .9965, target at .9893. See full report for more details
AUD/USD (Short Term)		RBA-induced rally testing previous resistance at 1.0480, looking for signs of a top to sell
NZD/USD (Short Term)		Currently testing .8250 ceiling, room for further gains if this level is conclusively broken