usd cad weekly outlook for 28 dec to 1 jan 2016

usd cad weekly outlook for 28 dec to 1 jan 2016
dollar loonie pair this week closed at 1.3851 with loss.
USD CAD weekly chart trend
is bullish but momentum is weak on profit booking in dollar.
For medium term , usd cad support zones are 1.38 and 1.3530 levels.
On upside expect strong resistance at 1.4060 and 1.4320 levels.
For next week , traders go short if pair breakdown below 1.38
for target 1.3530 and below.
reversal from 1.38 means fresh continuation pattern
for atrget 1.4060 and above.

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Pramod Baviskar

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