Dollar Versus Loonie and Franc May 30th

FX Strategy Video > Currency Pairs Analysis

USD/CAD fell for the session on Tuesday as the 1.03 level is proving to be very stubborn. However, the recent price action essentially was begging for a pullback, and we think this is what is happening. The 1.01 level is the start of what we see as serious support.

The USD/CHF pair is currently trying to break out above the 0.96 level, and the hammer from the Tuesday session looks like we are more than likely going higher. Because of this, we think that eventually we go to parity.

Published on 29th of May 2012
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