BUZ INVESTORS USDCAD decreased 0.0001 The USD/CAD pair fell during the week, but turned around to show signs of support at the 1.33 level again. If we can break above the 1.36 handle, this market will go much higher. We have been grinding to the upside, and I think that will continue to be the theme. That’s not to say that there isn’t a significant amount of resistance at the 1.35 region, but I think that it’s only a matter of time before we break above there. This will be exacerbated if the oil markets fall apart, and I expect that to happen over the longer term.
The USDCAD decreased 0.0001 or 0.01% to 1.3326 on Friday April 14 from 1.3327 in the previous trading session. Historically, the Canadian Dollar reached an all time high of 1.61 in January of 2002 and a record low of 0.92 in November of 2007.
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