At time of writing, USD/CAD has traded up to 1.0312 since the start of trade on Monday, last quoted at 1.0305 from 1.0267 late Friday, gaining 0.37% so far in the session. To the upside, resistance lies at 1.0333 (19 Dec low) while support is seen at 1.0280 (12 Dec high).
Sunday, 8 January 2012
USD/CAD resistance jan 9 2012
forex trading outlook today - USD/CAD resistance jan 9 2012 : the Canadian dollar has had a rough few days against the greenback, as unexpected fundamental data has pressured the currency and as capital now flows to USD safety on renewed concerns of an ongoing sovereign debt and banking crisis in the euro zone.
At time of writing, USD/CAD has traded up to 1.0312 since the start of trade on Monday, last quoted at 1.0305 from 1.0267 late Friday, gaining 0.37% so far in the session. To the upside, resistance lies at 1.0333 (19 Dec low) while support is seen at 1.0280 (12 Dec high).
At time of writing, USD/CAD has traded up to 1.0312 since the start of trade on Monday, last quoted at 1.0305 from 1.0267 late Friday, gaining 0.37% so far in the session. To the upside, resistance lies at 1.0333 (19 Dec low) while support is seen at 1.0280 (12 Dec high).
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