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Trend of the Day: USD/CAD
Thursday, 20 November 2008 06:48:28 GMT  |  Gregory McLeod, Power Course Instructor
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USD/CAD is our Trend for the Day

As financial markets continue to fall around the world, the Mighty Dollar continues to be a safe haven for investors. USD/CAD is the beneficiary of this dollar bullishness. A break from a pennant consolidation and psychological resistance area of 1.2400 opens up the 1.3012 October 28th high. Failure to take this level out could take us as low as 1.1500.

Greg McLeod trend of the Day USDCAD 11.20.2008

 

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