USD/CAD Daily Outlook

by Action Insight (All Reports) on July 30, 2010

USD/CAD's short term outlook is still neutral. Price actions from 1.0734 are viewed as sideway consolidation pattern, in form of triangle. Break of 1.0675 will argue that such consolidation is completed and rise from 0.9929 low is resuming for another high above 1.0851. On the downside, in case of another