Time to Short the Loonie? |
|
Has the USD/CAD finally formed a top? Perhaps. Indications (both technical and fundamental) are certainly for a drop in the near-term. What happens in the longer-term very much depends upon on where this drop finds support. Initial targets are 1.0539 and 1.0431
Filed under: Technical
Latest Posts
- Citigroup volatility makes for option day-traders heaven - financials remain pressured
- Today’s Live Show
- Forex Fundamental Outlook - Forex Trading, Currency Forecast, FX …
- Time for another rescue package
- Stock markets continue weakening
- ECB to ease aggressively - yields will fall further
- London Gold Market Report
- Euroland: Very weak PMI should spur ECB to cut rates dramatically
- Currency Currents
- Currencies also sidelined although some Yen crosses dipped below October’s low
- Currencies also sidelined although some Yen crosses dipped below October’s low
- Currency Currents
- What will happen in the American session?
- Power up!
- Power up!