Wednesday, October 9, 2013

USD/CAD Daily Outlook

USD/CAD's rebound from 1.0181 extends further to as high as 1.0419 so far and intraday bias remains on the upside. But again, such recovery is viewed as a correction Thus, we'd expect strong resistance below 1.0567 to limit upside and bring reversal. Below 1.0289 minor support will turn bias



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