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Author Topic: USD/CAD Mid-Day Outlook  (Read 4224 times)
Hemant
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« on: March 01, 2011, 11:00:15 am »
USD/CAD Mid-Day Outlook

USD/CAD dips further to as low as 0.9683 in early US session before recovering mildly. Nevertheless, with 0.9757 minor resistance intact, intraday bias remains on the downside. As noted before, daily MACD has broken recent up trend line, which suggests that USD/CAD is building up downside momentum again. Current fall<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/Pd2nrRegxRw" height="1" width="1"/>

Source: USD/CAD Mid-Day Outlook
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