FX:USDCAD   U.S. Dollar/Canadian Dollar
52 0 1
Current trend

Yesterday the pair continued falling amid weakness of the US Dollar             and the publication of mixed macroeconomic data in the US. The Current Account deficit amounted to 125.3 billion, while economists predicted it at 118.9 billion USD. At the same time, the number of Initial Jobless Claims grew to 265 thousands that was yet better than forecasts.
Today attention needs to be paid to data on the Bank of Canada Consumer Price Index Core. According to forecast, the index will grow that might add to pressure on the pair.

Support and resistance

On the 4-hour chart, the pair is falling along the lower MA of Bollinger Bands . MACD histogram is in the negative zone and its volumes are growing. Stochastic is near the oversold zone.

Support levels: 1.2965, 1.2940.
Resistance levels: 1.3030, 1.3100, 1.3165, 1.3210, 1.3265, 1.3300, 1.3340, 1.3365, 1.3400, 1.3465, 1.3530.

Trading tips

Short positions can be opened from the level of 1.2965 with targets at 1.2940, 1.2900 and stop-loss at 1.2990. Validity – 1-3 days.
Long positions can be opened from the level of 1.3030 with the target at 1.3100 and stop-loss at 1.3000. Validity – 1-3 days.
More analytic from LiteForex https://www.liteforex.com/trading/forex-analysis/?uid=880952068&cid=12118
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out