Forex Analysis : USD/CAD

The Canadian Dollar will likely break last week’s low at 0.9448, and much like the Aussie has little chance of offering local exporters any respite just yet
Trade View
• The bulls are still dominant for the Loonie, with a close at 0.9461.
• An extended bullish swing will expose the following supports as targets –  0.9354 and 0.9289.
• A possible dead cat bounce may expose 0.9516 and 0.9587 as  VST rebound targets, but it is unlikely to see much of a reversal just yet, unless of course the oversold Dollar enjoys some brief and temporary short covering from the depths.

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