USD/CAD: Short-Term Bounce Weakening
USD/CAD's bounce is fading close to the short-term resistance at 0.9774 (13/09/2012 high). Short-term support is at 0.9694 (17/07/2012 low). Strong resistance is at 0.9843 (21/08/2012 low).
Succession of lower highs since March 2009. The break of the support at 0.9725 opens the way for a medium-term move towards the strong support at 0.9407.