30.05.2008 17:07

USD/CAD holds higher after economic data released


USD/CAD tested C$0.9980 and back off to current C$0.9968 as rate reacts to Canadian GDP Q1 data. Rate seen meeting resistance from offers placed ahead of C$0.9980. Traders note that the C$0.9975 level holds the strike of an expiring option for the 1400GMT structure. Another expiry noted at C$0.9895. Traders flash up stops in place on a break above C$0.9990.






Copyright © 2000-06 TeleTRADE-DJ: Forex ( форекс ) — дилинговый центр. All rights reserved