SubscribeDaily Forex Commentary for July 31, 2009
July 30th, 2009 • Related • Filed Under
July 31, 2009
USD CAD Showing Signs of Bottom
Strong gains in crude oil and U.S. equities helped weaken the USD CAD on Thursday. Despite a new high for the year in the equity markets, the rally in the Canadian Dollar was not impressive. The Canadian Dollar looks tired and may begin to weaken if the oil and equity markets cannot sustain their upside movement. Technically, the USD CAD is in a position to reverse the weekly chart to the upside, all it is going to take is a close above 1.0865 to …
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