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A graph displays the movement of the Japanese yen's exchange rate against the U.S. dollar at a dealing room in Tokyo June 4, 2013.
A graph displays the movement of the Japanese yen's exchange rate against the U.S. dollar at a dealing room in Tokyo June 4, 2013.
(YUYA SHINO/REUTERS)

TECHNICAL ANALYSIS

Forex charts: Loonie poised for action this morning

Colin Cieszynski is senior market analyst at CMC Markets. He holds both the Chartered Financial Analyst and Chartered Market technician designations.

The loonie is attracting a lot of attention from traders again this week. Last week’s purchase of Tim Hortons by Burger King put Canada back in the spotlight and renewed trading interest has continued into this week with more news.