Dollar Versus Loonie and Aussie November 4th

FX Strategy Video > Currency Pairs Analysis

USD/CAD found itself falling during the Thursday session as the "risk on" trade was on again. The parity level still remains as support, and that is where the market found itself stopping for the session. The pair is highly connected to the oil markets, so watch those - and you can get a "heads up" on demand for the Loonie.

AUD/USD had a bullish day as traders celebrated the latest good fortune out of the EU. (The referendum in Greece has been taken off the table.) The 1.05 level still looms large above the market, and could put a cap on gains. We think waiting to see which side of this level the Aussie closes on is the best way to play this pair - on Monday.

Published on 3rd of November 2011
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