Tuesday, October 22, 2013

USD/CAD Daily Outlook

With 1.0331 minor resistance intact in USD/CAD, deeper decline is still expected to 1.0181 support first. Break will extend whole fall from 1.0608 will target 1.0013 cluster support (61.8% retracement of 0.9633 to 1.0608 at 1.0005) next. On the upside, above 1.0331 minor resistance will dampen the immediate bearish view and turn focus back to 1.0419 resistance.



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