Dollar Versus Loonie and Pound September 18th

FX Strategy Video > Currency Pairs Analysis

USD/CAD got a small pop on the session for Monday as the rumors of a possible SPR release pushed oil prices lower. With this, the Loonie lost value in the short-term. Nonetheless, the 0.98 level was once support, and it should now be resistance. We are still looking for the 0.95 level eventually.

The GBP/USD pair pulled back after making gains for the session in order to form a pseudo-shooting star. This pair needs to pullback, and we see 1.60 as a logical place in order for it to do so.

Published on 17th of September 2012
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