May 15, 2013
Forex: USD/CAD trend line piercing 1.020 handle
FXstreet.com (London) - The Loonie had breached 1.0200 in London’s open with continued broad dollar strength printing a high of 1.0210 at time of writing. (08.45BST). Without there being any major market moving economic data releases or events scheduled for this pair, the market will be focused broadly on sentiment for the dollar and the crosses else where. Technically also, this pair indicates bullish daily MACD readings and divergence between SMA100 and 200 with momentum in its best performance for 6 months. Support is seen at 1.0180 and 1.0140.