2.31%C 7.40 5.37%QQQQ 27.81 2.83%
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Forex Search
| Global Interest Rates | |||
 Australia |
4.25% | ||
 Canada |
2.25% | ||
 EMU |
2.5% | ||
 Japan |
0.3% | ||
 Swiss |
1% | ||
 England |
2% | ||
 US |
1% | ||
Data by fxstreet.com
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Technicals
USDCAD formed a cycle top at 1.2123
14 Oct, 2008 @ 09:48 pm EST
As expected, USDCAD formed a cycle top at 1.2123 on daily chart. Consolidation in a range between 1.1000 and 1.2123 could be seen in next several weeks. Key resistance is now located at 1.2123, and this level will be held until resumption of up trend.
For long term analysis, USDCAD is in bullish movement. Further rise towards 1.3500 to reach the next cycle top on monthly chart is possible.
Comments
More Technicals
US Initial jobless claims decline in Nov 29 week Today 8:45 AM EST- ECB cuts rates by 75 bp to 2.50% Today 7:47 AM EST
- UPDATE - The Bank of England eases its Bank Rate by 100 b.p. to 2.0% Today 7:24 AM EST
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