Price action on USD/CAD (a daily chart of which is shown) as of Friday (10/15/2010) has shown some bullish correctiveness today after hitting parity (1.0000) on Thursday, but overall the pair still appears biased to the downside in line with the steep downtrend. For more technical analysis on this currency pair, please click here for Friday’s (10/15/2010) Chart of the Day.
James Chen, CTA, CMT
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