Dollar Versus Loonie and Peso March 29th

FX Strategy Video > Currency Pairs Analysis

USD/CAD rose during the Wednesday session as the oil markets fell. The parity level continues to press the pair down though, and the 200 day EMA doesn't help the bullish case either. The pair has been consolidating lately, and as a result it looks as if we are going to head back into that area.

The USD/MXN pair has been doing much of the same thing lately, and this makes sense as Mexico is such a large exporter of oil to the United States. This pair is a very risk sensitive pair, and it makes sense that it has been going sideways. However, the pair looks like a great range play.

Published on 28th of March 2012
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