USD CAD weekly predictions for 4 to 8 jan 2016

USD CAD weekly predictions for 4 to 8 jan 2016
dollar loonie pair this week closed at 1.3825 with loss.
USD CAD weekly chart trend
is down but momentum are bullish.
For medium term , usd cad support zones are 1.4125 and 1.44 levels.
On upside expect strong resistance at 1.38 and 1.3600 levels.
For next week , above 1.38 keep long view for usd cad pair
with price target 1.4125 and above.
traders with profitable long posiitons must trail stop loss below 1.38.
momentum is strong bullish but pair is technically overbought.
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Pramod Baviskar

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