Dollar Versus Loonie and Franc July 11th

FX Strategy Video > Currency Pairs Analysis

USD/CAD fell originally during the Tuesday session, only to bounce back from the 1.0150 level and form a hammer. The pair looks as if the bounce could coincide with the "risk off" trade around the world. The oil markets, and therefore Iran, could be a catalyst for this pair as the tensions mount.

The USD/CHF pair had a bullish session on Tuesday as the market looks to break out. The pair is the "antithesis of the Euro" as well, and this chart makes perfect sense. The parity level looks very likely at this point.

Published on 10th of July 2012
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