Wednesday, December 25, 2013

USD/CAD Daily Outlook

USD/CAD is still staining range above 1.0560, as well as the near term rising channel. Intraday bias remains neutral with a mild near term bullish outlook. Above 1.0736 will extend the larger rally towards 1.0803 long term resistance. But again, we'd be cautious on topping between 1.0656 and long



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