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Author Topic: USD/CAD Mid-Day Outlook  (Read 1638 times)
Hemant
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« on: March 15, 2011, 05:08:05 pm »
USD/CAD Mid-Day Outlook

USD/CAD jumps to as high as 0.9979 today and remains firm in early US session. Note that firstly the rebound from 0.9666 is clearly impulsive looking. Secondly, the break of 0.9957 support suggests that a medium term bottom is formed. Thirdly, it's also affirmed by strong break of 55 days<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/QLLYgfiEJXI" height="1" width="1"/>

Source: USD/CAD Mid-Day Outlook
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