From the daily archives: Friday, October 7, 2011
The USD/CAD has arguably had one of the most volatile rides the since the end of July. After falling to 0.9405 in late July, the pair’s lowest exchange rate since November 2007, the USD/CAD has moved essentially vertically towards fresh 2011 highs. In the last three-weeks alone, the USD/CAD has traded under 0.9800 [...]
Continue Reading →The USD/CAD has dropped nearly 500-pips this week from its high to low, and given the current wave count, the recent correction appears to be over.
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