USD/CAD – unable to stay above resistance

September 23, 2014

Yesterday we had a bullish movement,  the descending trendline was broken and the  rate reached the 1,1049 level but looks like we could have a correction on short term. The outlook remain bullish on this pair, maybe the price will come down to test the 1,0995 zone and then will resume the upward movement.

USD/CAD

By Olimpiu Tuns – Owner of http://ovtbusiness.com/en/