Forex | Forex | Canadian Dollar retreats as commodity rally loses steam (31/08/2009 15:25:27)

Canadian Dollar retreats as commodity rally loses steam

Canadian Dollar retreats as commodity rally loses steam Crude Oil slides toward 70.00, bids around 65.00 eyed USD/CAD Canadian dollar broke above the psychologically important 1.1000 handle, a level defended by the August 27 intraday pivot high and continued to rally toward 50-day SMA at 1.1120, a level further reinforced by the August monthly pivot high. A further move to the upside will most likely see the pair break above the downward sloping channel that dominated the price action since


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