Canadian Dollar OUTLOOK: USD rebound expected. Buy CDD Calls

Admin — Thu, 04 Mar 2010 11:58:42 GMT

TRADING CENTRAL's FX OPTIONS TRADE ALERT

www.fxoptions.com/alerts

ISE Canadian Dollar OUTLOOK
14:40 GMT - 9:40 NYT - Thursday, March 04, 2010 CDD (USD/CAD on ISE): USD rebound expected

Our forecast: Up move towards 105.40 or even 107.75.
Comment: The RSI is supported by a rising trend line, the pair should rebound on its strong support.

To leverage our Trend Opinion on the ISE Canadian Dollar currency rate we selected the following strategy.

Buy CDD Apr 10 103.50 Calls (CNJ Apr 17 '10 $103.50 Call)

Click here to view supporting charts and data for our trade alert: www.fxoptions.com/alerts

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Canadian Dollar OUTLOOK: USD rebound expected. Buy CDD Calls