Dollar Versus Loonie and Aussie February 28th

FX Strategy Video > Currency Pairs Analysis

USD/CAD rose initially on Monday only to turn around and fall in the end. The resulting candle is a shooting star, and at the parity level. However, it is hard to see a catalyst for a breakout of consolidation in this pair if oil can't do it.

The AUD/USD is forming consolidation just under 1.08, but now looks as if the consolidation is actually a bullish flag. Will we see 1.15 in the future?

Published on 27th of February 2012
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