USD/CAD Technical Analysis for July 14, 2011

The USD/CAD pair fell hard again on Wednesday as the trading world sold off the USD in general after Chairman Bernanke suggested that another round of easing is still possible by the Fed. The pair will look to break through the 0.9560 area, which could send this pair much lower before it is all said and done. We like selling rallies and a fresh break of 0.9550.

Written by

Forex Mansion