alan3cA
Long

USDCAD - Buy at 1.2675 and 1.2651 (stop 1.2614), Tuesday

FX:USDCAD   U.S. Dollar / Canadian Dollar
This week's first upside objective was met yesterday as the market used the 100 day mvg avg as a platform to reverse Friday’s setback. Net gains were not extensive and the 200 day average continues to be intact, on a closing basis. But although that introduces a strong note of caution, our technical studies are assessed as positive. So, this morning’s call is to Buy at 1.2675 and also buy a 1.2651, intraday Marabuzo line dip. The risk is 1.2614, yesterday's low, with upside targets of 1.2712, yesterday's high, 1.2726, Friday’s peak, and last week's 1.2758 high point.
Trade active: Close to 2nd target. Would raise stop to 1.2692 and cancel the buy at 51 idea
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