The U.S. dollar reaches a key level at 1.1470-80 against the Canadian dollar.

[RTFX-Trading]

The U.S. dollar reaches a key level at 1.1470-80 against the Canadian dollar.

We have noticed a tremendous amount of interest concerning the USDCAD pair in the current 1.1470-80 zone. A large Swiss bank informs us of the importance of this point in the medium term, while another specialist told us that there is a lot of stop loss selling in USDCAD below 1.1450. A large bank in New York and a large German bank have sold large amounts at 1.1470-80, which has been easily absorbed.



Emman Xuereb
RTFX Ltd
Head Office

Level 2, Suite 2, The Cornerstone Complex, 16th September Square | Mosta MST 1180 | Malta
Tel:  +356 27 78 01 35
Fax: +356 21 41 24 58
Web: www.rtfx.com

This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accordance with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except with formal approval. The internet cannot guarantee the integrity of this message. RTFX Ltd (and its subsidiaries) shall (will) not therefore be liable for the message if modified. Do not print this message unless it is necessary, consider the environment. RTFX Ltd holds a Category 3 license issued by the Malta Financial Services Authority.