USD/CAD Rebound , March 18, 2011 (Daily Strategy)

USD/CAD

The United States dollar – Canadian dollar par that had started building a positive momentum in the last few days due to the growing crisis in Japan, according to the Fibonacci indicator, the pair has fallen to 61.8 around the 0.9808 level. If the positive investor mood continue in taking over the markets the pair USD/CAD could resume its upward force, and return to index rises that may, potentially, push it towards the resistance level of 1.0100 Canadian dollars for one United States dollar.