USD/CAD ST: Bullish Bias Above 1.28.
Long Positions Above 1.28 With Targets @ 1.345 & 1.4 In Extension. ( 02/11/2015 00:56 )
Pivot: 1.28
Our preference: Long positions above 1.28 with targets @ 1.345 & 1.4 in extension.
Alternative scenario: Below 1.28 look for further downside with 1.256 & 1.24 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.432 ***
1.4 *
1.345 **
1.3073 Last
1.28 ***
1.256 **
1.24 **
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