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EURCAD Just Below Trendline Resistance
Monday, 29 June 2009 20:29:10 GMT  |  Jamie Saettele, Senior Currency Strategist
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The EURCAD rally from the June low at 1.5342 has brought the pair to a resistance line that is drawn off of the 12/30/08 and 3/20 highs.  The line is reinforced by the 61.8% retracement of the decline from 1.6983, at 1.6350 (current price is 1.6300).

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