rv

USDCAD daily. Possible scenario.

rv  
FX:USDCAD   U.S. Dollar / Canadian Dollar
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1
USDCAD daily

Any Oversold bounces due( RSI level oversold, 50% retracement reached) towards 1.082 - 1.825 (potential stop)horizontal support-200-50sma, should find resistance and potentially sold with target 1.06 (61.8%, uptrend_line-15/9/2012, horizontal).

Comments

I am looking at 1.06 too - for it to hold and bounce ... up to about 1.18.
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