Thursday, January 29, 2015

USD/CAD Daily Outlook

USD/CAD's rise continues and reaches as high as 1.2676 so far. Intraday bias remains on the upside and current rally should target 200% projection of 1.0181 to 1.1278 from 1.0620 at 1.2814. On the downside, break of 1.2378 minor support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.



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