Wednesday, June 1, 2011

USD/CAD Bounces Off Trendline Support; 0.9750 is a Critical Pivot



The decline yesterday in the USD/CAD followed a BOC statement that the market interpret as hawkish.

This bearish action is so far contained and supported by a rising trendline seen in the daily chart above. Note that the market in the medium to long term is still bearish, as the market

Source: ActionForexall Rss Feed

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