Dollar Versus Loonie and Pound April 16th

FX Strategy Video > Currency Pairs Analysis

USD/CAD has been in a tight range over the last few weeks, and as a result has been a scalper's and short-term traders market. The parity to 1.0150 to 0.99 levels are the boundaries that the market wants to play in - we might as well take advantage of it.

The GBP/USD pair is in a similar type of situation. The 1.58 and 1.60 levels are the boundaries in this market as well. This is an area that has been fairly consistent lately, and as a result we can take advantage of it. If it falls - 1.5650 is calling.

Published on 13th of April 2012
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