Dollar Versus Loonie and Pound July 26th

FX Strategy Video > Currency Pairs Analysis

USD/CAD fell hard during the session on Wednesday to reach the 1.0150 level again. This area used to be massive support and resistance, but the truth is that the area has been chopped through several times. We think this is a result of the headline risk to oil, and could make this pair difficult to trade.

The GBP/USD pair fell and rose during the session as the UK had a horrible preliminary GDP number during the session. The pair seems to be clinging onto the 1.55 level though, and as such it appears the bears are going to take control again.

Published on 25th of July 2012
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