Saturday, August 30, 2014

USD/CAD Weekly Outlook

USD/CAD's fall from 1.0997 extended lower last week. The break of 1.0859 support suggests that deeper decline would be seen before the correction completes. As long as 1.0908 minor resistance holds, we'd probably see another fall to 61.8% retracement of 1.0620 to 1.0997 at 1.0764. But we'd expect strong support



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