By ForexMansion.com
The Canadian dollar has recently busted back through the 0.98 level, and now has found support at that area. This is common, and appears to support the idea that we are going to tread water between 0.98 and 1.0000 for the short-term. The pair looks like it is confused, but with a slightly bullish bias.
A break above 1.0000 would be a hugely bullish signal, while a drop below 0.97 would send this pair back down towards 0.95 and 0.90 in an attempt to find support.
