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Wednesday, June 6, 2012

$$ USD/CAD Classical Technical Report 06.06

June 6, 2012 06: 19 GMT
daily_classical_loonie_body_usd.png, USD/CAD Classical Technical Report 06.06
USD/CAD: our optimistic prospects for this market base was reiterated more over the past two weeks, with the market acceleration back above parity and to 1.0500 so far. While we continue to the significant increase of the draft medium-term, short-term risks appear to be tilted to the downside so that the market can fix surachat readings on the daily chart. However, no setbacks should now be very well supported before the parity and the area of 1.0100.

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