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May 18, 2013 9:27 AM

USDCAD, WK Chart Target 1.06600 -1.09400 Long

U.S. Dollar/Canadian DollarFXCM

Description

As the 50 % FIB of 2010 & 2011 hold and found bidders. The pair may attempt to reach the 2011 high ( 1.06600 ). The line is the swing high of consecutive three years. Approaching it may feel risk off sentiment and push the pair to the 1.61 Fib of ( 1.09400).

Entry : 1.018X
Stops : 1.014X
Target : 1.046 , 1.066 & 1.094X
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