Tue, 11 Sep 2012 15:08:12 GMT
USD/CAD reaches 1 year low
Pair is continuing to depreciate, but market participants continue to expect recovery of the pair even after it reached the lowest level in more than 12 months today. Stochastic indicator suggests we should see a bullish correction in the near future as Bollinger band and downtrend support at 0.9735 should pullback the pair, but lack of strong support levels below