USD CAD weekly outlook for 6 to 10 june 2016

USD CAD weekly outlook for 6 to 10 june 2016 Usd cad pair this week closed with loss. This was second weekly loss for us dollar against Canadian loonie. Look like bounce back move for dollar is over and now corrective trend once again resumed on charts.   For next week, usd cad outlook is bearish and expect more downside for pair. On upside 0.3050 and 0.3125 are resistances as well as fresh short entry zones while on downside 0.28 and 0.2550 are supports as well as target zones.   Usd cad monthly chart suggesting correction up to 1.20 in medium to longer terms.

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Pramod Baviskar

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