DarrenWells

USDCAD Testing 12 year high of $1.40

FX:USDCAD   U.S. Dollar/Canadian Dollar
So the disappointing Core Consumer Price Index (MoM) print earlier has sent the USDCAD             hurtling towards the psychological price of $1.40 which hasn’t been broken since August 2003! In addition to this, it’s no secret that the tumbling oil             price has been a contributory factor to CAD weakness. Due to the strength of the resistance, I would expect a pull back to $1.283 before any further gains.

The latest Canadian Consumer Price Index print print can be viewed her, if any of you are looking for something riveting to read...

http://bit.ly/1YmDO3Q
I prefer it hot 1.42 and we will see a pull back to 1.30 area
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dont expect pullback any time near in the future bulls are in full force we have not seen any bearish candle since last two weeks
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