The USD/CAD pair has been trying to punch through the 0.9850 area for days. It has done it, and then failed every time. Because of this, it looks as if the pair cannot move until oil does it's thing. Rangebound might be the order of the day for a while.
The USD/CHF pair looks set to try and rise as the world sells Francs in response to risk appetite returning. If this is the case, we look to sell at higher levels. Buying this pair isn't in the cards.
Create a FREE account