CAD continues to drive lower, testing support at 0.9820/25 (May 21st low), after the surprising Current Account Balance release this morning. Canada continues to befuddle our economists and traders but trend is definitely clear. The next target level below 0.9820 will be 0.9715, the February 28th low.
The interesting thing to note is that most of [...]
Entries Tagged as 'USDCAD'
CAD Update - May 29 2008
May 29th, 2008 · No Comments
Tags: USDCAD
Strategy comments - CAD
April 28th, 2008 · No Comments
A lot happened over the last two weeks but the net result is USD/CAD is merely 0.8% lower over the period as the clearing of CAD shorts during the first week left was followed by a move higher in USD broadly this week. The stability of USD/CAD within the recent volatile ranges, however, masks CAD [...]
Tags: USDCAD