Dollar Versus Aussie and Loonie January 23rd

FX Strategy Video > Currency Pairs Analysis

AUD/USD rose above the 1.04 resistance area on Friday. This area is a significant breakout above the top of a triangle that measures a whopping 800 pips. With this in mind, it looks like the Aussie is going to be strong going forward.

USD/CAD rose initially during the Friday session, only to fall again in late trading. The triangle is still holding, but are we starting to form a different triangle?

Published on 21st of January 2012
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