USD/CAD
sideways channel
support .9800 daily 200 sma
.9783 daily 20 sma
Large resistance monthly 20sma 1.009
pair is trading well above weekly support .9694 20 sma
w/major psychological resistance naturaly at parity
all eyes on future fed policy Friday speech
Unless Bernanke wants to trigger a global currency crisis by weakening the USD, one would expect no major policy initiatives. Equity fluffs will be disappointed on Friday.
sideways channel
support .9800 daily 200 sma
.9783 daily 20 sma
Large resistance monthly 20sma 1.009
pair is trading well above weekly support .9694 20 sma
w/major psychological resistance naturaly at parity
all eyes on future fed policy Friday speech
Unless Bernanke wants to trigger a global currency crisis by weakening the USD, one would expect no major policy initiatives. Equity fluffs will be disappointed on Friday.