Intraday Market Thoughts

Archived IMT (2009.08.20)

by Ashraf Laidi
Aug 20, 2009 17:16

CAD drags USD down below key 1.0930 support onto 1.0899, while CADJPY lifts off towards 86.30s. With the latter standing at key resistance since Aug 16, expect gradual pullback towards 85.50s, which is likely to prompt USDCAD back towards 1.0960s, especially in event of a pullback in oil below 71.80.


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