02/11/2015 – Canadian Dollar

March Canadian dollar:

1. In yesterday’s (Wed., Feb. 11) Williams live meeting it was noted that any hourly (and especially a daily) close in the March Canadian dollar above $78.75 would indicate new long entry for a quick advance to $79.53 (or higher) into Friday, Feb. 13 (+/- 1 day).

2. Yesterday’s hourly and daily closes were above the $78.75 level, indicating new long entry (Thurs. daily close, $79.12). Today’s (Thurs., Feb. 12) March Canadian dollar session advanced quickly and completed the $79.53 upside target (today’s session high, $79.80). This completes the trade. Will message any further entry or indication in the March Canadian dollar.

David Williams