USD/CAD Mid-Day Outlook

USD/CAD’s rebound from 1.0223 resumes after brief retreat and reaches as high as 1.0346 so far in early US session. The development suggests that fall from 1.0744 is completed at 1.0223 already, ahead of 1.0205 key support as expected, and on bullish convergence condition in 4 hours MACD. Intraday bias…

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This entry was posted on Tuesday, January 19th, 2010 at 10:07 pm and is filed under Forex, Forex Trading, Forex news, Money. You can follow any responses to this entry through the RSS 2.0 feed.