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Monday, April 30, 2012

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DailyFX Delivered To You: Daily Technical Analysis Article

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Please see below for today's Technical Analysis:

  • What to Do with the USDCAD at 2012 Lows
    April was choppy and difficult to navigate. May ideally ushers in better conditions. Continue to watch the Yen crosses, as many are near/at their 50% retracements from the February lows. The EUR, CAD, AUD, and USD are heavy on event risk this week.
  • Greenback Finds Some Temporary Relief on End of Month Flows
    Although the US Dollar has managed a mild recovery in European trade, we still see risk for one more bout of selling before the buck looks to reassert…

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