Dollar Versus Loonie and Franc April 17th

FX Strategy Video > Currency Pairs Analysis

USD/CAD is hovering just below the parity level again, and the Monday session saw an attempt to break through the 200 day EMA as well. However, as the day wore on - we saw the familiar pattern of falling back below the 1.00 mark by the end of the day. The candle is a shooting star, but the higher lows have us worried.

The USD/CHF pair fell hard during the Monday session, falling yet again from the 0.9250 level. This pair has been consolidating lately, and with the Monday action - it appears this will continue.

Published on 16th of April 2012
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time