Forex Investment and Currency Trading

USD breaks below key support levels against the major currencies.
USD/CAD tests 0.9979 after EUR/USD moves to new all-time highs.
Resistance at 1.0027 and 1.0052 is expected to contain valuation-driven retracements for a move to short-term support at 0.9971 and 0.9932.

Asia: USD/CAD broke below parity overnight as the USD moved to a new all-time low versus the [...]

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The US dollar has been pushed to the absolute low end of its ranges with all things combined below …it surprisingly has not broken out of the range that has held for the past 5-6 months now with 1.60 still holding in EUR and GBP and JPY still well within the ranges. 

GM rumors over bankruptcy
Lehman [...]

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After a brief flurry of USD selling on reports that Iran had tested long range missiles overnight, most majors have reverted to North American closing levels. CAD is outperforming somewhat and AUD in underperforming, though even here, ranges are narrow and news flow light. News of the Iran missile test also caused a partial reversal [...]

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