Dollar Versus Loonie and Franc January 19th

FX Strategy Video > Currency Pairs Analysis

USD/CAD fell during the session on Wednesday as the oil markets continue to push the Loonie around. The massive triangle continues to hold - but just barely. Before the bears get too excited though, they may want to look at 1.01, parity, and perhaps even the 0.99 level.

USD/CHF fell during the session on Wednesday as the Dollar got hit overall. However, we are just above the 0.93 level, and we could see a bounce from that area. The most recent high was higher, and as long as 0.93 holds - it looks like the uptrend could still be intact.

Published on 18th of January 2012
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