USD/CAD Weekly Outlook

USD/CAD Weekly Outlook

USD/CAD's down trend resumed after brief recovery and reached as low as 0.9772 last week, breaking mentioned 61.8% projection of 1.0671 to 0.9979 from 1.0207 at 0.9779. Initial bias remains on the downside this week and deeper fall should be seen towards 0.9709 support next. As noted before, we'd still<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/4bpjI0XEWMQ" height="1" width="1"/>

Source: USD/CAD Weekly Outlook