Different Scenarios USD/CAD 15/7/14

FX:USDCAD   U.S. Dollar / Canadian Dollar
There is potential for short-term uptrend in consideration of the bullish divergence on the MACD .

The red horizontal resistance levels would decide further movements. But for now market is bullish .
next day we have big news about CAD. what is expected ?
Reply TeimaTrader
Interest rate will likely stay at 1% and the reports and speeches should give a small optimism in the CAD but nothing special for pushing the price.
Reply TeimaTrader
More important are the USD values, which are going to release before the CAD news. They should press the price towards at least 1.08
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