Wednesday, January 28, 2009

USDCAD (1.2270)

USDCAD is looking to target 1.2100 level at the moment and traders will look to sell USDCAD on rise above 1.2300 level. Break of 1.2100 level will take USDCAD towards 1.1900 level.


Recommended Trade Levels

Trade 1: Sell USDCAD @ 1.2330
Trade 2: Sell USDCAD @ 1.2430
Stop: 1.2500
Profit Target 1: 1.2150
Profit Target 2: 1.2000

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