Dollar Versus Loonie and Aussie January 18th

FX Strategy Video > Currency Pairs Analysis

USD/CAD continues to grind away in a massive symmetrical triangle, and the Tuesday hammer looks like we will continue to bounce around in it. However, there is a ton of support below, and this might actually favor Dollar strength in the future.

AUD/USD saw am attempt to break above the 1.04 resistance level, which we have as a resistance level at the top of an ascending triangle. The failed breakout sets up an interesting market....

Published on 17th of January 2012
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