Dollar Versus Loonie and Euro December 19th

FX Strategy Video > Currency Pairs Analysis

USD/CAD fell originally during the Friday session, but it found the 1.03 level to be supportive. The area has been important on and off, and this shows significant pressure to the upside. As long as we can stay above 1.03, we should see higher prices going forward.

EUR/USD had a fairly quiet day on Friday, but it should be noted that the 1.30 support level didn’t exactly cause a massive bounce. The pair sold off in the US afternoon, not a good sign.

Published on 16th of December 2011
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