Wednesday, July 2, 2014

USD/CAD Daily Outlook

A temporary low is formed at 1.0626 and intraday bias is turned neutral. As noted before, the fall from 1.1278 is viewed as a correction and in case of another decline, we'd expect strong support from 1.0608 to contain downside and bring reversal. Considering bullish convergence condition in 4 hours



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