Canadian Dollar and Swiss Franc May 18

FX Strategy Video > Currency Pairs Analysis

The USD/CAD pair looks to test a massive resistance area in the form of 0.97, which has bent, but not broken so far. It should be noted that the oil markets saw buyers coming in during the late part of Tuesday trading, and this could be strong for the CAD. The USD/CHF also shows potential USD weakness, but the all-important 0.88 level must be broken through first. This videos also looks at the bearish scenario in the USD/CHF at the moment.

Published on 17th of May 2011
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