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Canadian Dollar Collapses Greenback Defenses
By Sam ShenkerA reversal from these levels will most likely see the pair head back up toward the 1.1857, a level marked by the 23.6 Fib of the 1.2730-1.1592 CAD rally. Indicators are diverging with momentum indicator above the zero line while negative MACD is sloping upward toward the zero line; with neutral oscillators giving either side enough room to maneuver.
- Oct, 17 00:12 GMT Euro Near Major Top Against US Dollar, but Timing Anything but Clear
- Oct, 17 00:01 GMT British Pound Looks to 3Q GDP to Keep the Bullish Momentum
- Oct, 17 00:01 GMT Japanese Yen Relinquishes its Top Safe Haven Status to the Dollar
- Oct, 16 23:40 GMT US Dollar May Be Setting Stage for Advance
- Oct, 16 23:39 GMT Canadian Dollar May Come Under Pressure Ahead of BOC Decision
- Oct, 25 08:16 GMT Canadian Dollar Remains Unchanged
- Oct, 24 09:06 GMT Canadian Dollar Remains In Sideways Motion
- Oct, 21 22:13 GMT Weekly Oulook: BoC Looks To Inflation Data To Back Rate Hike
- Oct, 21 09:57 GMT Canadian Dollar Remains In Tight Range
- Oct, 20 09:56 GMT Canadian Dollar Breaks 1.1800

