[forexpros]

ForexPros Daily Analysis July 14, 2011


Free webinar on ForexPros - Q3 2011 Outlook for the Major Currencies

Expert: Ilian Yotov

Start: Sun, Jul 17, 2011, 10:00 EDT
End: Sun, Jul 17, 2011, 11:00 EDT

- Review of the trends for the currency majors in Q3 2011
- Should we expect a reversal of the USD fortunes in Q3 2011?
- Will the carry trade remain strong in Q3?
- Is the worst behind for the EUR?

to join free

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The USD/CAD is approaching the weekly support



[color=black]The Canadian keeps its volatile move of the last few weeks, though it seems that it was calmed a little bit this week. The 50 EMA crossed below the 20 EMA, which is a positive sign for the CAD. There is a support around 0.955-0.956 and the long shadow that extends from Monday