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USD/CAD - 0.9900 to Turn from Resistance to Support

Money Mind - Forex


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Old 07-05-2012, 11:31 PM
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Default USD/CAD - 0.9900 to Turn from Resistance to Support

During the 4/30-5/4 trading week, the USD/CAD rallied from 0.98, but was stuck below 0.99 for most of the week, until Friday’s Non-Farm Payroll data came out. Then the CAD lost across the board, as WTI crude oil fell more than 5%, below 100 (The CAD is correlated to oil,

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