The USD/CAD is trading at 1.000. This is the first time in 36 years that CAD is higher then USD. I have not confirmed this fact it is just what I have heard. The question I pose here is since this is at a 36 year low, should this be a MAJOR support line? Accorrding to what common sence tells us we should buy. It should bounce up like nobodys business. But lets look at everything that comes into play here. Oil is going up, US is starting an election year, China is buying everything in sight and the US is in an unpopular war. I have a feeling that the green back will continue to fall until after the election. It should bounce back after January 2009 after the new president is sworn into office.
Whats you thoghts on this???