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Thread: Canadian Dollar Futures outlook

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    Default Canadian Dollar Futures outlook

    Canadian Dollar (CDU7):
    The CD opened higher at .9291 and rose to a morning Hi of .9372 as the BoC infused liquidity into the system to fund ABCP issuers. Momentum selling in equity markets and lower energy/metals prices sent the CD to a mid-day low of .9275, before bouncing to .9300 and sliding towards the close to end the day at .9283, down 3 tics. The s/t trend remains 'negative' w/ 'weak' momentum indicators. Not a bad day compared to the rest of the major foreign currency markets. A higher low is not enough of a 'buy' signal. Commodity 'buyers', energy/metals players, could use the CD as a 'proxy' and look for a rebound. A bounce off and close above the Target Lo of .9271 would be a candidate for higher prices. A lower open may find Support at .9248 and .9213, while an open above .9310 should find Resistance at .9345 and .9407.

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    Default

    now anuptrend begin with the usdcad

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    Default

    the usdcad targets is 1.0700 1.0733

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    Default

    For usad today i suggest selling USD/CAD below 1.0610 with a target at 1.0530, stop loss above 1.0660.
    i dont trade it now but am analusis is this for cad

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    Default

    where can i get usd/cad futures pls.and hw lucrative is it?

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