Monday, June 29, 2009

USD/CAD loses its initial gains and falls to test 1.1520 support

After posting 1.1589 as intra-day high in the early European morning, USD/CAD has begun to fall to break 1.1550 and post 1.1520 as fresh intra-day low. Currently the pair has lost its initial gains, posting 0.05% daily declines from opening price action to the actual 1.1525/35.

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