USD/CAD Mid-Day Outlook

Jul 20 2010

USD/CAD's break of 1.0580 suggests that rise from 1.0275 has resumed after brief consolidations and further rally should be seen to 1.0675 resistance first. As noted before, price actions from 1.0734 are viewed as sideway consolidation pattern, probably in form of triangle. Break of 1.0675 resistance will argue that such