USD/CAD Bullish Outlook, December 06, 2011 (Daily Strategy)

USD/CAD

The pair American dollar - Canadian dollar maintained its upward trend in the daily chart, this day the Bank of Canada will announce its decision on interest rates, investors expect no change. The pair is below the 1.0240 level test, which is aligned with the pivot point weekly, if this level is perforated so bullish. the pair will have highs around 1.0400 and 1.0600 On the other hand, the indicator MACD and Momentum show signs of upward movement. We suggest waiting until the 1.0100 to take bullish positions, because this week will be a busy week for the markets desicion.