Dollar Versus Pound and Loonie July 12th

FX Strategy Video > Currency Pairs Analysis

GBP/USD intially tried to rally during the session on Wednesday, but as the FMOC minutes gave no real explicit hints at further easing, the pair fell. The 1.5450 level below looks like a place where the bulls simply will have to hold. If not - 1.5250 is calling.

The USD/CAD pair fell as well during the session, but is sitting just above the 1.0150 support level at the moment. With this in mind, we aren't ready to sell just yet. In fact, if we can break the highs from the Wednesday session - we would buy.

Published on 11th of July 2012
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