Trade view /
16 September 2016 at 5:54 GMT
was bought to higher levels for a sixth day in a row on Thursday. But with levels outside the top of the Keltner channel, near the 200-day average and at overbought extremes, a reaction was seen. The net decline was not extensive but was the most negative performance for seven days and, although the lows were not maintained, was enough to leave the immediate term negative, looking for temporary profit-taking to deepen.
Management and risk description
A move to 1.3130 means the stop can be lowered to break even or better.
Sell in 1.3160/65 area and any 1.3181 rally.
1.3130, 1.3108 and 1.3081.
Intraday, end 1pm London time.Higher highs for USDCAD
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— Edited by Susan McDonald
Non-independent investment research disclaimer applies. Read more