Saturday, May 31, 2014

USD/CAD Weekly Outlook

USD/CAD spiraled lower last week but stayed above 1.0813. Consolidation from there could extend further and initial bias remains neutral first. In case of another rally, strong resistance should be seen below 1.1052 resistance and bring fall resumption. Break of 1.0813 will extend the corrective decline from 1.1278 to 50%



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