Dollar Versus Pound and Loonie October 14th

FX Strategy Video > Currency Pairs Analysis

The GBP/USD pair fell on Thursday, and even went below the 1.57 level for a time. However, it managed a bounce from the lows, and has formed a Hammer at that area. This is a bullish sign in our estimation, and shows that the Cable could continue to rise from here if we get a break to the upside.

The USD/CAD pair rose, and then fell on Thursday - forming a shooting star at the bottom of the recent run. This shows that there could be more bearishness in the future if we break lower, but the parity level sits just below and should provide some support.

Published on 13th of October 2011
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