Bids are lined up like ducks on a range from 1.0960, 1.0940, 1.0920 and further down the line. Specs stops are said to be lurking below 1.0970 but weren’t triggered by the low at 1.0968
Offers are noted at 1.1040, 1.1080 and 1.1100.
We’ve come through support at 1.1030, previous resistance at 1.0120 and the 38.2 fib from the Jan lo/hi at 1.0985. The next support is at 1.0951 followed by the 50 fib at 1.0912.
USD/CAD h4 chart 07 02 2014
Canada will no doubt have one eye on the Winter Olympic games in Russia. Adam’s been acting like a kid who’s found a tenner in a sweetshop and has been pointing out the UK deficiencies in said games. To be honest I’ve not had much interest in the games since Eddy “The Eagle” Edwards became our most successful failure. That said we’ve got some very good competitors going in this time so I’m going to be ready to nail him anytime we win a gold or beat his mob. Considering most of our preparation has been done on concrete any medals will be well earned.
Meanwhile the opening ceremony is getting under way.
Welcome to Russia
