FX129 Foreign Exchange – Canadian Dollar Update


Written by on December 23rd, 2009

Market Update – GBP CAD

The technical situation is deteriorating markedly following the break of 1.7110. We’ve been monitoring this level for the last two months, using it as our key reference point. The break below there has been accompanied by strong momentum, making it even more significant. We advise clients to consider covering any CAD requirement sooner rather than later to avoid further downside.

Any opinions expressed in this document are those of TorFX
analysts. Any analysis and/or forecasts provided are aimed at
helping clients understand market conditions and developing trends.
Clients are wholly responsible for their own trading
decisions.

Related posts:

  1. FX085 TorFX Foreign Exchange – Canadian Dollar Update
  2. TorFX – Canadian Dollar rallies through support level
  3. King’s comments drive the Sterling/Canadian dollar rate back
  4. Sterling faring badly against the Canadian dollar
  5. FX102 Foreign Exchange – Canadian Dollar Update

Tags:
Category GBP-CAD Update

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