Saturday, February 1, 2014

USD/CAD Weekly Outlook

USD/CAD rose further to 1.1223 last week but faced some resistance mention medium term fibonacci level at 1.1235 and retreated. Initial bias is neutral this week first. Bearish divergence condition in 4 hours MACD argues that the pair might be topping in near term. Break of 1.1031 will confirm this



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