Dollar Versus Loonie and Aussie December 23rd

FX Strategy Video > Currency Pairs Analysis

USD/CAD fell on Thursday as the hammer from Wednesday has been broken below. The oil markets continued to show signs of bullishness, and this will continue to push demand for the Loonie if it continues. However, there is a lot of noise under this level, and the path of least resistance has to be up.

The AUD/USD pair had a bullish day during the Thursday session, but didn’t manage to break above the top of the shooting star from the previous session. While this shows strength, the fact that we are so close to the holidays suggests that the move cannot be trusted.

Published on 22nd of December 2011
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