FX OPTIONS TREND OPINIONS

11:19 GMT - 07:19 NYT - Tuesday, July 12, 2010

Canadian dollar Trading OUTLOOK

CDD (USD/CAD): further USD weakness expected

Pivot: 106.50

Our forecast: Down move towards 101.4 or even 99.50.

Comment: The pair has struck against its resistance and should face a weakness as the RSI is badly directed.

To leverage our Trend Opinion on Canadian dollar, we can use different options :

Buy CDD Aug 10 103 PUT

Buy CDD Aug 10 104 PUT

Buy CDD Sep 10 102 PUT

Click here to view supporting charts and data for our trend opinion : http://www.tradingcentral.com/newsletter/ise/fx_option_trade_alert_weekly.html