Dollar Versuses the Loonie and Swissy June 1

FX Strategy Video > Currency Pairs Analysis

The USD/CAD has failed near the 0.98 area, which also coincides with a recent downtrend line as well. This looks like a continuation of the overall downtrend. As oil breaks out, you should consider this pair a perfect reactionary instrument to use. The USD/CHF had a bullish day on Tuesday, but only barely. The massive move from Friday isn't even close to being retraced by it, showing how weak the bullish case for this pair really is.

Published on 31st of May 2011
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