By ForexMansion.com
The USD/CAD has broken down through the 0.97 level, and has retested it today – confirming the break down. Add to that the fact that oil broke out in all markets today and the CAD should continue to rise in value, sending this pair lower. Shorting this pair is almost impossible at this moment. Initial targets will be the big psychological areas like 0.95, 0.90, 0.85, etc.
Originally posted here
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