Dollar Versus Loonie and Aussie December 7th

FX Strategy Video > Currency Pairs Analysis

USD/CAD fell hard during the session on Tuesday as traders bought into the oil markets and sold the Dollar in favor of the Canadian dollar. The market is resting on top of a 200-pip support zone though. Can it break through?

AUD/USD initially fell for the session as the "risk off" trade continued. The RBA cutting rates didn't exactly help either. The late afternoon in the USA saw buying though, and we remain in the range.

Published on 6th of December 2011
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