Trying to take advantage of weaker data on the current account of Canada's GDP and for the first quarter during trading on Monday did not bring significant results, and again met resistance in the C $ 0.9785, the dollar / Canada is once again turned lower. As a result, under the gun again supported in the C $ 0.9750, to assert that the bulls are not particularly sought, taking into account the frustration of the lack of progress in an upward movement in recent days and rising oil prices. Under pressure from the Swiss behalf couple continued to fall, and is now testing bids in the area C $ 0.9710/00. Dealers warn of the next series of stops around C $ 0.9690, a breakthrough which will pave the way towards the C $ 0.9645/40, and possibly even lower, although on the eve of the announcement of the decision of the Bank of Canada on interest rates, market participants are likely to prefer to refrain from aggressive actions. Ofer can be seen in the area C $ 0.9720/30, the larger located in an area C $ 0.9745/55.
Tuesday, May 31, 2011
USD/CAD:Dollar / Canada fell victim to the frustrations of bulls.Comments dealers
Trying to take advantage of weaker data on the current account of Canada's GDP and for the first quarter during trading on Monday did not bring significant results, and again met resistance in the C $ 0.9785, the dollar / Canada is once again turned lower. As a result, under the gun again supported in the C $ 0.9750, to assert that the bulls are not particularly sought, taking into account the frustration of the lack of progress in an upward movement in recent days and rising oil prices. Under pressure from the Swiss behalf couple continued to fall, and is now testing bids in the area C $ 0.9710/00. Dealers warn of the next series of stops around C $ 0.9690, a breakthrough which will pave the way towards the C $ 0.9645/40, and possibly even lower, although on the eve of the announcement of the decision of the Bank of Canada on interest rates, market participants are likely to prefer to refrain from aggressive actions. Ofer can be seen in the area C $ 0.9720/30, the larger located in an area C $ 0.9745/55.
