20/04/2014 22:00:27 Free Membership Login
Back to Forex News

Greenback Off 2-day High Against Canadian Dollar

10:19, 10th August 2012

(RTTNews) - The US dollar that advanced to a 2-day high of 0.9972 against its Canadian counterpart following the disappointing employment data from Canada retreated to below 0.9925 around 10:15 am ET.

The greenback-loonie pair resumed its downtrend which began after having challenged its key resistance zone of 1.0425/50 in early June. The pair is heading downwards to re-test the major support line of 0.98 level after a gap of more than 3-months.

Copyright(c) 2009 RTTNews.com, Inc. All Rights Reserved

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 us 140420 22:00