Outlook in USDCAD remains on the upside as long as support 1.0795/1.0865  holds on a daily closing basis , resistance comes at the 1.0945 levels , a halt is likely , but further gains will pave the way towards the 1.1025 levels ahead of the 1.1075 levels…

On the downside , support comes at the 1.0865  levels ahead of the 1.0795 levels (main) , losing this level on a daily closing basis will turn outlook neutral for retesting the 1.0737/1.0710 levels before the next rise…….

In all , as long as support 1.0795/1.0865 holds on a daily closing basis , outlook in USDCAD  remains on the upside towards the 1.0945  levels and possible higher towards the 1.1025  levels , below 1.0795 will delay the bullish move for retesting the  1.0737/1.0710 levels before the next rise…….


USDCAD Daily Forecast Jul 31 2014

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