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One-Way; CAD goes from bad to worse

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    It’s been one miserable day after another for the Canadian dollar, which continues to sink against its major counterparts. None more so than the US dollar with the pair breaching fresh 11-year highs on a daily basis. It can’t even cut a break against its ‘commodity currency’ peers with the Aussie and the Kiwi recording quarterly gains of 9% and 13% respectively. The AUDCAD pair is currently skirting around parity for the first time since January. Resident Analyst, Adam Taylor, reckons a

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