Dollar Versus Pound and Loonie January 3rd

FX Strategy Video > Currency Pairs Analysis

GBP/USD currently is sitting at the 1.55 handle, and area that starts massive support down to the 1.53 mark. If we can break a bit lower - look out below! Of course, this song has been played before, and recently for that matter.

USD/CAD currently sits in the middle of a large consolidation zone. The parity level below is the start of a massive support zone, and the levels going down to it can create a bit of support as well. It is because of this that we prefer the upside in this pair - but only for scalping it.

Published on 2nd of January 2012
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