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Browse > Home / All, Americas, Mkt Talk, Regions / No quit in USD/CAD; Fibo target eyed

No quit in USD/CAD; Fibo target eyed

By Jamie Coleman  || June 22, 2009 at 15:26 GMT
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USD/CAD remains well-supported this morning, underpinned bu tumbling commodity prices on fears sustainable global demand won’t materialize any time soon. Prices have reached 1.1546 so far and have the 38.2% Fibo retracement of the 1.3063/1.0787 decline in sight. That retracement comes in at 1.1656.

1.1510 is providing support for USD/CAD on pullbacks near-term.

6-22-cad

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Category: All, Americas, Mkt Talk, Regions
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