Monday, March 30, 2009

[USD/CAD]

The 1.2629 level has now been taken out by [USD/CAD] despite no mention of any monetary policy by the BoC's Carney. However, front month oil now just off the mid-low USD 48'a/brl, so this also pushing the pair higher still. Next key upside resistance now not seen until the 1.2970- 1.3000 area, though current gains are painfully slow - 1.2700 the next target.

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