USD/CAD Mid-Day Outlook

The break of 0.9423 indicates resumption of recent fall from 0.9912. Intraday bias is back on the downside. The larger down trend should now send USD/CAD towards 61.8% projection of 1.0671 to 0.9444 from 0.9912 at 0.9154. On the upside, break of 0.9530 is needed to signal short term bottoming or we’ll stay bearish in the pair.

Tagged with: currency forecast • forex market outlook • Forex Signal • fx trading signal

Filed under: Action Forex Market Outlook

Like this post? Subscribe to my RSS feed and get loads more!