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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.

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