The dollar versus loonie pair's trading has been perplexed since this morning, while negative signs on Stochastic supports expectationsfor a minor downside move, which is expected to touch the retesting breached resistance at 1.0960, then head upwards over intraday basisinitially targeting 1.1110. It is important that the four-hour closings remain above 1.0865, to maintain the upside direction for today.
The trading range for today is among the key support at 1.0625 and the key resistance at 1.1320.
The general trend is to the downside as far as 1.1870 remains intact with targets at 1.0300.
|Recommendation||Based on the charts and explanations above our opinion is buying the pair from 1.0960 To 1.1110 and stop loss below 1.0865, might be appropriate|