Canadian dollar is still holding inside the range of 1.1340 and 1.1390. For now we would expect the currency to drift down to find support at 1.1300 level for a corrective bounce back towards 1.1500 and higher. So prefer buying on dips near 1.1310 for the above said target to be reached.
Buy @ 1.1310 for 1.1440, with stop below 1.1280.
By N. Rajesh Kumar,
Forex Leads,
Email:
rajesh@forexleads.com ,
# 3 G-1 Ambal Flats,
Sathyavathi Nagar,
Padi Chennai 600050,
Phone: + 91 44 26549159
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