Dollar Versus Loonie and Pound August 8th

FX Strategy Video > Currency Pairs Analysis

USD/CAD fell below the parity level, although not impressively. We think a bounce could be coming in this market, but in reality it looks like the selling of it is the only trade at the moment. This is especially true because of the down trending channel.

The GBP/USD simply won't give up. The 1.57 level starts a 100 pip resistance area that is tough, but the bulls are fighting. When will this area finally give way?

Published on 7th of August 2012
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