Dollar Versus Loonie and Yen August 13th

FX Strategy Video > Currency Pairs Analysis

USD/CAD fell hard again on Friday as the down trend is accelerating. The pair has broken below the previous downtrend channel, and now looks set to challenge the 0.98 to 0.97 support area. The pair is also known to be in a larger consolidation area that has support at that region.

The USD/JPY pair is continually finding support in the region of 78. This is the same area that the Bank of Japan has been known to get active in. Are they clandestinely intervening again?

Published on 10th of August 2012
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time