Dollar Versus Loonie and Kiwi April 2nd

FX Strategy Video > Currency Pairs Analysis

USD/CAD had another attempt at the parity level on Friday, only to fall short yet again. The pair has been held below the parity level for some time now, and it appears this area will continue to force prices lower. With this in mind, we think we see a nice range bound trade.

The NZD/USD pair formed a shooting star on Friday, after forming a hammer on Thursday - a classic signs of confusion. However, with the massive amount of support that we see below, we are still thinking higher.

Published on 30th of March 2012
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