Loonie Versus Dollar and Yen February 23rd

FX Strategy Video > Currency Pairs Analysis

USD/CAD continues to chop around the parity level. One thing that is interesting though is the fact the oil can rise without the Loonie. This shows to us that CAD strength isn't there - and oil is basically a reaction to the Iranian situation more than anything else.

CAD/JPY went parabolic last week. However, the candles for this week look like a pullback is likely. Overall, the pair should be strong, but we see some real chances at a short-term selling opportunity.

Published on 22nd of February 2012
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