SearchUSD/CAD Weekly Outlook16th February 2008 USD/CAD rebounded strongly last week after edging lower to 0.9920. Such rebound argues that correction from 0.9871 is still in progress. Initial bias is on the upside this week and break of 1.0126 cluster resistance (50% retracement of 1.0378 to 0.9781 at 1.0125) will confirm this case and encourage... This article is courtesy of Action Forex Canadian Dollar Hits 30 Year Highs Ahead of Central Bank Rate Decision | Mid-Day Report: Dollar Continues to Trade with Undertone In Holiday Session | US Dollar / Swiss Franc Technical Levels Categories: Forex News |
|
||||