The rally has so far been capped at 50% near 0.97. The RSI is knocking on 60, attempting to break the bearish momentum.
If a subsequent decline fails to
Thursday, May 5, 2011
USD/CAD Tests Bearish Momentum after 50% Retracement
The USD/CAD has retraced 50% of the decline from 0.9980 to 0.9450. The greenback is rallying against the loonie as oil prices fall.
The rally has so far been capped at 50% near 0.97. The RSI is knocking on 60, attempting to break the bearish momentum.
If a subsequent decline fails to
The rally has so far been capped at 50% near 0.97. The RSI is knocking on 60, attempting to break the bearish momentum.
If a subsequent decline fails to
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