Feb 14, 2013
Forex Flash: USD/CAD at risk of retesting parity - TDS
After the print of a bearish engulfing bar on Tuesday, the USD/CAD, as described in the words of Shaun Osborne, Chief FX Strategist at TDS, "has got some issues to deal with in the short run at least." The analyst believes that short-term support at 0.9990/95 may now be at risk. Resistance remains 1.0050 and 1.01, Shaun says.