fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Loonie Pares its Losses in the Morning Session  Fri Jan 03, 2014 9:13 am | |
|  Loonie Pares its Losses in the Morning Session For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CAD to close at 1.0670, as the latest batch of strong US economic releases spurred demand for the US Dollar. A decline in the prices of crude oil, Canada's largest export, further pressurised the loonie. In the Asian session, at GMT0400, the pair is trading at 1.0646, with the USD trading 0.22% lower from yesterday's close. The pair is expected to find support at 1.0596, and a fall through could take it to the next support level of 1.0545. The pair is expected to find its first resistance at 1.0688, and a rise through could take it to the next resistance level of 1.0729. | |
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