The Loonie is looking feisty

April 30, 2014 by

Good Evening,

The Greenback looks heavy handed in the fight with the Loonie. Two big hits square on support then a retracement of the move down yesterday to the 38%Fib only to return for another test of the lows looks good for the Loonie. The Greenback has to keep up a hawkish defence at the FOMC showdown if it stands a chance against the surprising onslaught recently from the Loonie.

USDCAD H4

USDCAD H4