Wednesday, December 19, 2012

USD/CAD testing 100-day SMA


USD/CAD testing 100-day SMA


USD/CAD 19 December 2012Pair's Outlook

Earlier today USD/CAD had difficulties trying to consolidate above 0.985, but at the moment the outlook is fairly positive as it is testing 100-day SMA at 0.9879. 
 
However, longer term prospects raise a lot of doubts  as pair is approaching area which is rather compacted with resistance levels. Read more