Friday, October 11, 2013

USD/CAD Weekly Outlook

USD/CAD's rebound from 1.0181 extended to 1.0419 last week but lost momentum since then. Initial bias is neutral this week first and outlook is unchanged. Rebound from 1.0181 is viewed as a corrective rise. Below 1.0289 will indicate that such rise is completed and turn bias back to the downside



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