Wednesday, June 18, 2014

USD/CAD Daily Outlook

USD/CAD's fall from 1.0960 extends lower but stays above 1.0813 support. Intraday bias remains neutral and more consolidation could still be seen. At this point, we cannot rule out a break of 1.0960 resistance. But in that case, strong resistance should be seen well below 1.1052 resistance to bring decline



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