Forex Trading: USD/CAD Tests But Can’t Break Key Level
By Greg Michalowski on January 8, 2009 | More Posts By Greg Michalowski | Forex News By FXDD
The USD/CAD, since dropping below the 38.2% Fibonacci level on 1/5, tried but has been unable to crack this key level again. This level, which now acts as a big resistance for the pair, was tested briefly on 1/6 and several times this session as the 100H MA came into the picture reinforcing this resistance.

If you like this article please...
Leave A Comment :
Recent Market Opinions:
S&P 500: Market Is Strong, But Correction Should Continue
Doctor Up Your Portfolio With This Medical Communications Company
Cartoon: It’s Still The Economy, Stupid
Dendreon Corp.: Put This Promising Biotech Stock On Your Watch List
Extension Of US Unemployment Benefits: Will That Really Benefit The Overall Economy?
Recent News:
Macedonia’s Jan.-Sept. Trade Deficit At US$1.61 Bln - 23 hrs ago
Natural Gas Prices Extend Two-Month Low - 1 day ago
Stocks Finish Modestly Higher Despite Weak Jobs Report - U.S. Commentary - 1 day ago
Treasury Economist: Unemployment Numbers Disappointing But Not Unexpected - 1 day ago
Consumer Credit Fell By $14.8 Bln In September - 1 day ago
Opinions From Our Contributors


