Dollar Versus Loonie and Yen March 26th

FX Strategy Video > Currency Pairs Analysis

USD/CAD rose above the parity level yet again, and yet again was repelled by the bears. Turns out the 200 day EMA is there as well. The pair looks ready to continue to fall back to the bottom of consolidation.

The USD/JPY pair fell, but managed to bounce from the 50% Fibonacci retracement level in order to continue a bullish tone. The Bank of Japan isn't anywhere near done with JGB purchases, and as a result we see a lot more Yen flooding the markets soon.

Published on 24th of March 2012
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