Forex | Forex | USD CAD in Position to Rally (06/08/2009 16:55:32)

USD CAD in Position to Rally

The USD CAD is trading better at the midsession. Yesterday this currency pair confirmed the August 4th closing price reversal bottom but was unable to follow-through to the upside. Now that this market has survived a test of this week's low at 1.0630, it appears poised to move higher. The GBP USD is facing strong selling pressure today because of the surprise news from the Bank of England. Early this morning the BoE announced that it would fund its asset buyback program with an additional $84


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