USD/CAD Daily Outlook

by Action Insight (All Reports) on June 28, 2010

Intraday bias in USD/CAD remains neutral for the moment and some more sideway trading might be seen. However, we'd expect downside to be contained above 1.0138 and bring another rise. As noted before, corrective fall from 1.0851 should have completed at 1.0138 already. Above 1.0468 will target 1.0678 resistance next.