USD/CAD Technical Analysis August 25, 2011

The USD/CAD pair had a very neutral day on Wednesday as the market didn’t get much in the way of news to push it around. With the oil markets being so quiet, there is little to push the Loonie around. The pair continues to be a scalper’s market until it breaks above the parity level, or below the 0.98 level. Until then, we can only take small positions with small trades.

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