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We emphasize the pullbacks in USD/CAD to support at 1.2312 and 1.2306 should be viewed as a buying opportunity as the current correction matures.
A close above resistance against the June high at 1.2561 will be required to place our hedging views on bullish trend back on firmer footing.
International securities transactions data are released today.
%K line cross over signifying oversold situation for this pair, %K line at 53.1556 & %D line at 38.1532.
14 day RSI showing upward converging interest with price spikes.
Although in today's range bounded trend in USD/CAD pair speculation opportunities traced to fetch the gains around 15-20 pips at 1.2323 & 1.2337 levels through +0.5 delta binary calls.
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FxWirePro: USD/CAD +ve delta binary calls likely to yield 15-20 pips
Tuesday, June 16, 2015 6:12 AM UTC
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