Dollar Versus Loonie and Pound October 6th

FX Strategy Video > Currency Pairs Analysis

USD/CAD triggered a shooting star sell signal on Wednesday as traders bought the oil markets. However, it looks like the 1.03 could give this fall a bit of trouble, as these types of impulsive moves we have seen over the last couple of days hardly ever happen in a vacuum.

GBP/USD continues to look like it is trying to build a bit of a base at the current levels. However, it has fallen too far for us to believe this is anything more than a bounce.

Published on 5th of October 2011
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