USD/CAD Mid-Day Outlook

USD/CAD Mid-Day Outlook

USD/CAD's break of 0.9830 confirms that recent decline has resumed. Intraday bias remains on the downside for 61.8% projection of 1.0671 to 0.9979 from 1.0207 at 0.9779. Though, as the pair has been losing downside momentum,. we'd expect some strong support between 0.9709 and 0.9779 to contain downside and bring<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/TJMF1y-Bk00" height="1" width="1"/>

Source: USD/CAD Mid-Day Outlook