09/10/2014 – Canadian Dollar

Issued: 09/09/2014

Dec. Canadian dollar:

1. Any further touch and hourly or especially daily close above $90.78/$70 in the Dec. Canadian dollar makes those levels buying territory for a tradable multi-day advance to at/near $91.11/$13 (or higher) into late this week/early next (week of Sept. 15).

2. Initial long position exit should be taken at/near $90.95, then at/near $91.11/$13. Any remaining position should be held for the possibility of higher prices to be messaged in a subsequent update for it

3. Once long, a protective sell stop should be placed at $90.64. This stop will be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 09/10/2014

Dec. Canadian dollar:

1. Our previous (Tues., Sept. 9) Dec. Canadian dollar report indicated that any further touch and hourly or especially daily close above $90.78/$70 would make those levels buying territory for a tradable multi-day advance to at/near $91.11/$13 (or higher) into late this week/early next (week of Sept. 15).

2. Today’s Dec. Canadian dollar tested both $90.78/$70 (and lower) and later closed hourly above those levels (hourly close, $90.76).

3. Today’s session then advanced and completed the forecast $91.11/$13 upside target, completing the trade. Will message any further entry or indication in the Canadian dollar.

David Williams