OANDA:USDCAD   US-Dollar / Kanadischer Dollar
10 0
Current trend

On Thursday the pair USD/CAD was reducing which was caused more by technical correction rather than by the release of macroeconomic indicators. Generally, the US dollar is quite stable against the Canadian currency which is confirmed by continuous growth in the recent weeks.

Yesterday traders focused their attention on USD due to the announcement of the new head of the Fed. The choice of Jerome Powell put certain pressure on USD as the “bulls” expected John Taylor to take this post.

The main event of today will be the release of nonfarm payrolls and unemployment level data in the USA. Canada will respond with a report on unemployment rate changes. The market is expected to be highly volatile.

Support and resistance

On the H4 chart the instrument is showing side movement within a narrow corridor formed by the middle and lower lines of Bollinger Bands . MACD histogram is near the zero mark, and the signal line is directed downwards.

Support levels: 1.2785, 1.2750, 1.2700.

Resistance levels: 1.2850, 1.2900, 1.2950, 1.3000.

Trading tips

Sell positions may be opened from the current level with target at 1.2750 and stop-loss 1.2870. The period of implementation is 1-3 days.

Long positions may be opened from the level of 1.2870 with target at 1.2920 and stop-loss at 1.2835. The period of implementation is 3-5 days.
Register on LiteForex site and get more analysis https://www.liteforex.com/?uid=880952068&cid=12118
DE Deutsch
EN English
EN English (UK)
EN English (IN)
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
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden