Issued: 10/06/2014
Dec. Canadian dollar:
1. Any further touch and 120 minute or especially daily close below either $89.76 – $88 in the Dec. Canadian dollar makes those levels short selling territory for a tradable multi-day decline and test/attempt at $88.76 into late this week (week of Oct. 6).
2. Once short, a protective buy stop should be placed at $90.05. Will message further details in a subsequent update as the market confirms.
David Williams
Issued: 10/08/2014
Dec. Canadian dollar:
1. Today’s Dec. Canadian dollar advanced powerfully in response to today’s FOMC meeting and closed the day at the top end of the range of selling territory between $89.76/$88 noted in our previous report (today’s session close, $89.86).
2. The nature of today’s advance prompts extra caution on our part. Therefore, if short from today’s $89.86 daily close, exit at current prices (current price $89.90). A further update and possible reentry will be issued in tomorrow’s session.
David Williams