Dollar Versus Loonie and Franc March 8th

FX Strategy Video > Currency Pairs Analysis

USD/CAD continues to grind around the parity level as the pair simply cannot make a decision on what direction it wants to go. The oil markets continue to be erratic, and as such this pair will be as well. The pair has massive resistance at the 1.01, and support in varying areas all the way down to the 0.97 handle.

USD/CHF pulled back just a bit on Wednesday after having a nice rise over the last few weeks. The area we are currently in is a large cluster of orders, and it makes sense we pullback and cool off a bit at this point. However, we are willing to buy pullbacks on signs of support.

Published on 7th of March 2012
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