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We provide real-time forex news and analysis at the highest level while making it accessible for less-experienced traders. Since 2009, ForexLive™ has been one of the most-visited foreign exchange trading hubs.
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  • Solid Selling Interest In USD/CAD Ahead Of 1.03 0 comments
    May 24, 2012 1:42 PM | about stocks: FXC

    USD/CAD (FXC) remains near the highest levels of the session at 1.0280. Option barriers at 1.03 are likely to be defended and the corporate order board is splattered with bids from there to 1.0360.

    I still like longs in this pair but with momentum indicators at the most overbought levels since October, buying the dips is the prudent strategy until the headlines suggest a better outcome in Europe/China.

    http://www.forexlive.com/blog/2012/05/24/solid-selling-interst-in-usdcad-ahead-of-1-03/

    Themes: Currency ETF Stocks: FXC
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