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USD/CAD Daily Outlook

Discussion in 'Forex Daily News & Outlook' started by ActionForex.com, Jan 29, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    USD/CAD weakens mildly further today but after all it's still staying in range above 1.0015. While consolidation from 1.0015 might continue, further decline is still expected as long as 1.0135 resistance holds. Note the impulsive nature of the fall from 1.0378 as well as bearish divergence condition in daily MACD....

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