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Author Topic: USD/CAD Mid-Day Outlook  (Read 2011 times)
Hemant
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« on: March 09, 2011, 11:10:02 am »
USD/CAD Mid-Day Outlook

USD/CAD's break of 0.9683 indicates that recent decline has resumed and intraday bias is back on the downside. Current fall should now target 161.8% projection of 1.0851 to 1.0138 from 1.0671 at 0.9517 next. On the upside, above 0.9474 minor resistance will indicate that a short term bottom is formed,<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/WPVhLDdn2Ws" height="1" width="1"/>

Source: USD/CAD Mid-Day Outlook
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