USDCAD Daily Forecast Mar 03 2015

Minors - 956854 (1)

Outlook in USDCAD has turned neutral at the moment , with the key support 1.2361 intact , further upside couldn’t be ruled out , resistance comes at the 1.2643 levels (main) , sustained break – daily closing above the 1.2643 levels will restore the upside momentum and open the 1.2798 levels , a halt is likely but a break will pave the way towards the psycho level 1.3000…

On the downside , sustained breakout – daily closing below the 1.2361 levels is needed to signal short term topping and open the  1.2113 levels , further down will target the 1.1785 levels..

In all , as long as 1.2361 support holds on a daily closing basis , outlook in USDCAD remains neutral and further upside towards the 1.2643 levels couldn’t be ruled out , below 1.2361 will reverse risk towards the 1.2113 levels..


USDCAD Daily Forecast Mar 03 2015




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