USD/CAD: Resistance Area Has Pushed Back Prices
USD/CAD has weakened close to its resistance area between 0.9800 (previous support) and 0.9843 (21/08/2012 low). Short-term support is at 0.9726 (19/09/2012 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.