FX:USDCAD   U.S. Dollar / Canadian Dollar
55 0 1
Current trend

Yesterday the US Dollar             was losing its positions against the Canadian Dollar             . Today attention needs to be paid to macroeconomic statistics from Canada and the US. Data on Building Permits for February is released in Canada at 2:30 pm (GMT+2). A high reading can strengthen the Canadian Dollar             . A low reading, on the contrary, can weaken the national currency. Later on, market participant will be following data on Consumer Credit Change for February, due in the US at 9:00 pm (GMT+2).

Support and resistance

On the 4-hour chart, Bollinger Bands is directed horizontally. The price is moving between the middle and the lower MAs of the indicator.

Support levels: 1.3000, 1.2970, 1.2910.
Resistance levels: 1.3060, 1.3110, 1.3130, 1.3470, 1.3300, 1.3370.

Trading tips

Short positions can be opened at the current levels with the target at 1.3000 and stop-loss at 1.3060.
As an alternative, place pending buy orders at the level of 1.3000 with the target at 1.3060.
More analytic from LiteForex:
English https://www.liteforex.com/blog/?uid=880952068&cid=12118
Malay https://www.liteforex.my/trading/forex-analysis/?uid=880952068&cid=12118
You can choose any language on our site
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out