Dollar Versus Loonie and Yen January 20th

FX Strategy Video > Currency Pairs Analysis

USD/CAD fell during the session on Thursday as the oil markets continue to lead this market around by the nose. The triangle was violated, but the massive support in the 1.01 area came into play, and forced a hammer at the uptrend line.

USD/JPY got a nice pop for the session, but pulled back a significant portion of the gains for the session. The 76.50 level offers support, and we are looking as scalping opportunities from closer to that area.

Published on 19th of January 2012
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