CAD/USD Afternoon Forex Update | OnlineForexTrading.com

Home » Online Forex Trading Blog » Forex Afternoon Update: Canadian Dollar

Forex Afternoon Update: Canadian Dollar

by Rebekah Manning

Yesterday we saw USD/CAD break above key resistance level 1.3000 to reach 5-year highs, but those gains have been short lived with USD/CAD trading at 1.2823.
The USD/CAD still has nearly 200 pips to drop before uptrend is officially reversed. Next level 1.2650

Share and Enjoy:

Tags: cad, candian dollar, Currency Trading, Technical Analysis, usd/cad

This entry was posted on Tuesday, March 10th, 2009 at 1:19 pm and is filed under British Pound, Canadian Dollar, Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

About the Author - Rebekah Manning

Rebekah started in the Forex industry as an intern in 2001, and worked her way up the ranks to a C-level management position. She enjoys the field of trading as well as MMA fighting, shooting ranges, and action movies.

Leave a Reply

Subscribe to the Online Forex Trading Blog

Online Forex Trading on Twitter

Most Popular Posts

Obama’s 2010 Federal Budget Explained in Plain English... 15 comment(s) | 158787 view(s) | posted on February, 27
Oil, Other Factors Shift the Playing Board... 1 comment(s) | 39676 view(s) | posted on October, 16
Virtual Currency Exchange Website MyMMOShop.com Sells for 17 Trillion Star Wars Credits... 8 comment(s) | 37501 view(s) | posted on January, 31
US Gross Domestic Product Q4... 4 comment(s) | 33349 view(s) | posted on February, 27
Are We In a Recession or a Depression?... 2 comment(s) | 28478 view(s) | posted on May, 14
Year of The Global Recession: 17 Most Influential Financial Events of 2008... 6 comment(s) | 18653 view(s) | posted on January, 29
Guide to The 2009 New Home buyer Tax Credit... 0 comment(s) | 16825 view(s) | posted on May, 21
Forex Taxes... 0 comment(s) | 15860 view(s) | posted on March, 27
Why Gold Prices Are Set to Drop... 0 comment(s) | 14825 view(s) | posted on April, 1
25 Personal Finance Do's and Don'ts for 2009... 12 comment(s) | 13836 view(s) | posted on January, 6

Categories

OFXT is here to help you in your path to becoming a forex trader or broker. Our goal is to help you learn, practice, and master the art of currency trading. It's important to understand currency pairs such as the EUR/USD, USD/CAD, GBP/USD, USD/JPY, or other major currencies, and how the economies of each country impact one another. There is a high amount of risk involved in FX trading, for more information, please see our risk disclosure policy. Choosing a forex brokerage, signal provider, or charting software are difficult decisions, so we've established a set of reviews based on a variety of criteria for evaluating their credibility. Foreign currency trading is different from futures, options, or stock trading, and it's important to understand the terminology. We hope you will continue to learn to trade with us, and if you ever have questions, please drop us a line.

© 2006 - 2009 | Online Forex Trading is located at 4104 24th Street, #723
San Francisco, CA 94114-3615
Phone: (800) 507-0722