Wednesday, October 7, 2009

TD Securities recommends the use of the growth of dollar / Canada for sale the pair

According to currency analysts TD Securities, the fact that the pair dollar / Canada is not able to keep the achieved annual minimum of C $ 1.0533 indicates a risk of rising short-term correction pair. However, if you do not take into account the likelihood of short-term counter-trend in the bank waiting for the general weakening of U.S. currency, and consider the short-term dollar rally / Canada as a good opportunity for sale. At the moment pair dollar / Canada is trading at around 1.0617.

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