Short Term Trading forex trading links forex trading books market statistics trader values euro and us dollar Shocks Crashing Monthly Trade, December 2011, --USD/CAD

Friday, 2 December 2011

Monthly Trade, December 2011, --USD/CAD


The U.S. dollar meeting resistance.

The USD/CAD is bouncing against the upper Bollinger band. A move below 1.0075 could target 1.00, 0.99. Seasonal conditions support a decline of the U.S. dollar in December.

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2 comments:

Lynn M. said...

From my point of view, being involved in option trading and Forex, the US Dollar is showing signs of improvement in the charts. However, it will still take a long time before it goes back to the way it was before.

ProfitsOn said...

Risk-aversion might support the U.S. dollar in the coming months.

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