USD/CAD Daily Outlook

[Forex-Outlook]

With 4 hours MACD crossed above signal line, a temporary low should be in place at 1.0109 and intraday bias is turned neutral. On the upside, break of 1.0288 will indicate that fall from 1.0734 is finished and will flip intraday bias back to the upside for strong rebound towards 61.8% retracement of 1.0734 to 1.0109 at 1.0495. On the downside,e however, below 1.0109 will bring fall resumption and would put 0.9929 low into focus.

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