24.04.2012 04:00 GMT+1 - USD/CAD intraday: caution.


Pivot: 0.989
Our preference: Long positions above 0.989 with targets @ 0.9955 & 0.998 in extension.
Alternative scenario: Below 0.989 look for further downside with 0.9875 & 0.986 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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