Dollar Versus Loonie and Franc September 21st

FX Strategy Video > Currency Pairs Analysis

USD/CAD saw a fall during the early session on Tuesday, but as you can see the pair bounced again. This candle gives us pause instead of selling back into the recent consolidation zone. The 1.0050 area is the cap in our opinion at this point in time, but if we close above that - the game is up for the Loonie.

The USD/CHF pair printed a hammer on the day, as the rumors of Swiss National Bank setting a new floor for the EUR/CHF pair at 1.25, and this could push the Franc lower. This should make the demand for USD go even higher, and this pair is set to run to the upside at this point.

Published on 20th of September 2011
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