Forex | Forex | Forex Analysis - USD to CAD (18/08/2009 07:15:48)

Forex Analysis - USD to CAD

Forex Technical Analysis Yesterday's rally in the dollar cad pair was somewhat muted given the sharp sell off in equities and commodities as the session ended on narrow spread up bar with a deep upper wick suggesting a move that lacks conviction, a view reinforced by the fact that the high of the day failed to breach the 40 moving average which seems to be adding some downwards pressure at present.  It is also interesting to note that the prices today failed to clear the minor support

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