Wednesday, October 30, 2013

USD/CAD Daily Outlook

USD/CAD's rally continued and reaches as high as 1.0497 so far, just inch below 100% projection of 1.0181 to 1.0419 from 1.0264 at 1.0502. Upside momentum continues to diminish with 4 hours MACD staying below signal line. Hence, we'd stay cautious on topping near to near term falling trend line



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