USDCAD Still In A Bullish Outlook
Sunday, October 5, 2014
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Canada economic data last month indeed is not good. Ivey PMI, labour market, and retail sales was also negative. While the main trade partner of Canda in North America is US is recovering very well from crisis, Canada economy seem doesn't receive support from US and the decline of Gold and Oil contributed to the loss of Loonie recent months. This week, with Housing market data, Ivey PMI, and employment report, I think Loonie has to fight to maintain the year high. In my opinion, I choose bullish view for USDCAD targeting 1.1425 level .
My recommendation : Buy USDCAD above 1.1160/70 with stop @1.1040 targeting 1.1425 level .
To check the full forex performance results for 2013 + Q1+Q2/2014 and join @Aymanfxsignals contact my Email here ( Aymanfxsignals@yahoo.com )
Ayman Khlifat on Twitter : @Aymankkhlifat
Canada economic data last month indeed is not good. Ivey PMI, labour market, and retail sales was also negative. While the main trade partner of Canda in North America is US is recovering very well from crisis, Canada economy seem doesn't receive support from US and the decline of Gold and Oil contributed to the loss of Loonie recent months. This week, with Housing market data, Ivey PMI, and employment report, I think Loonie has to fight to maintain the year high. In my opinion, I choose bullish view for USDCAD targeting 1.1425 level .
My recommendation : Buy USDCAD above 1.1160/70 with stop @1.1040 targeting 1.1425 level .
To check the full forex performance results for 2013 + Q1+Q2/2014 and join @Aymanfxsignals contact my Email here ( Aymanfxsignals@yahoo.com )
Ayman Khlifat on Twitter : @Aymankkhlifat
