FX & CFD trading involves significant risk
USD/CAD currently holds around $0.9729, a bit higher the February 28 2008 low around C$0.9712. Beyond that, larger support is found around C$0.9055/60 the life-time low (130-year low of C$0.9059) seen November 7, 2007. Andy Chaveriat, chief technical analyst at BNP Paribas, says a "sustained decisive break below C$0.9700 is expected soon, opening scope to the initial C$0.9670 medium-term swing target and potentially C$0.9350." He says to "sell rallies."
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