Dollar Versus Loonie and Aussie March 7th

FX Strategy Video > Currency Pairs Analysis

USD/CAD has been very choppy lately. Also, there is a bit of a breakdown in the normally correlation between the rise of oil and the rise of the Canadian dollar. This could be a hint, and as long as we have so many support levels below us, selling is hard. Of course, there is that pesky 1.01 level above us....

AUD/USD fell lower, and broke below the recent support line at the 1.06 level. The pair is most certainly bullish still, and we have at least two levels below us where the buyers should step in.

Published on 6th of March 2012
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