Tue, 29 Jan 2013 16:15:19 GMT
USD/CAD is looking for the support
"Given that it hasn't been able to break above C$1.01, we have seen some sellers come in and maybe position for a bit of a grind back towards parity."- Bank of Montreal (based on Bloomberg)Pair's OutlookToday the currency pair has fully closed the bullish gap and is thus set to resume advancement. A support line at 1.0056/49 together with 1.0027