USD/CAD Daily Outlook

Jul 23 2010

Intraday bias in USD/CAD is mildly on the downside for 1.0275 support and break will target lower end of recent range near to 1.0138. Nevertheless, note that USD/CAD is still bounded in choppy sideway trading inside converging range, probably in form of triangle. Hence, downside should be contained by 1.0138