DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.
Canadian Dollar Breaks Out
By Jamie Saettele, CMT, Sr. Technical StrategistLonger term bullish prospects were bolstered by the
daily close above the 132 day (6 month) SMA yesterday (which is currently at
1.1246 and is now support). Additional support is the congestion area from
1.1160 to 1.1225.
- 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
- Sep, 19 10:43 GMT Canadian Dollar Range Tightens
- Sep, 18 10:57 GMT Canadian Dollar In Tight Range
- Sep, 15 11:49 GMT Canadian Dollar Towards 1.1235
- Sep, 14 11:12 GMT Canadian Dollar Correcting
- Sep, 13 09:45 GMT Canadian Dollar Continues To Range

