Thu, 11 Oct 2012 15:22:40 GMT
USD/CAD briefly advances above 0.98
It seems that even probability of bearish dip predicted by weekly technical indicators becomes more realistic, as pair experienced a 75-pip plunge after briefly advancing above 0.9830. However, it is more likely that the real resistance lies at 0.9800 and the pair managed to advance higher with the help of momentum traders. As it has been happening lately, it is