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2014.04.2407:57:00UTC+00Daily Technical Outlook for Usd/cad

Quotes from Societe Generale Cross Asset Research:

-USD/CAD has bounced from 1.0857/39. With weekly & daily indicators at support, 1.0857/39 will be a key support. The pair is more likely to rebound in which case 1.1070 / 1.1120 will be an immediate resistance. Only a break below 1.0857/39 will deepen the correction. For the day, the pair will drift towards the lower part of consolidation.

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