Tuesday, October 29, 2013

USD/CAD Daily Outlook

USD/CAD's rebound extends to as high as 1.0472 so far. While upside momentum is a bit unconvincing, further rally is still expected to 100% projection of 1.0181 to 1.0419 from 1.0264 at 1.0502. Though, we'd be cautious on strong resistance from near term falling trend line (now at 1.0512). Meanwhile,



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