Mon, 19 Nov 2012 16:25:56 GMT
USD/CAD plummets from parity condition
Parity condition/200-day SMA introduced more resistance than anticipated and pair plummeted almost 50 pips already. However, current market sentiment and technical indicators allow us to believe that it is just a temporary setback and, if even pair wont rally far above parity condition, it should stay in 1.00-1.004 (Bollinger band) boundaries for some time more.