Dollar Versus Loonie and Pound April 26th

FX Strategy Video > Currency Pairs Analysis

USD/CAD fell for the session, breaking the recent lows during the Wednesday session. However, we still feel there is a chance for support until the 0.98 level gets broken to the downside. A daily close sub-0.98 is a great sell signal. If not, we consolidate further. It should be noted the last high isn't as high as the previous ones.

GBP/USD fell and then formed a hammer for the Wednesday session. Pretty impressive considering the UK officially entered a recession during the same day. Oh, and we are at the highs......not bad at all.

Published on 25th of April 2012
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