MAJOR HEADLINES – PREVIOUS SESSION * CA Dec. leading Indicators out at +1.5% m/m vs. +1.0% expected and +1.3% prior * CA BOC leaves interest rates unchanged at 0.25% * US Jan. NAHB Housing Index out at...
USDCAD is testing 1.0206 previous low support. Break below this level would more likely be seen next week and next target would be at 1.0000 area. Resistance is at 1.0420, as long as this level holds, downtrend...
USDCAD is in downtrend from 1.0745. Further fall is still possible next week and target is to test 1.0206 previous low support. Fall below this level to reach next cycle bottom on daily chart would more likely...
USDCAD broke below 1.0405 support, suggesting that a cycle top has been formed at 1.0745 level on daily chart. Further decline towards 1.0206 is expected in a couple of weeks. Resistance is now at 1.0580, only rise...
Market Notes: As we’ll be technical this week, pay attention to these pairs:AUD/JPY- AUD is a strongest currency of the day and JPY is a weakest. The pair has reached its downtrend resistance line. Breaking of 82...
Being contained by 1.0748 resistance, USDCAD pulled back from 1.0745 level. Another fall towards 1.0206 previous low is expected in a couple of weeks and a breakdown below 1.0405 support could signal resumption of downtrend.
Market Notes: Japan’s interest rate was left unanimously at 0.1% level. We think that Japan will wait for US rate to rise first before they increase theirs.EUR/CHF crossed 1.50 level for the first time since SNB (Swiss...
USDCAD is testing key resistance of 1.0748, a break above this level will indicate that a cycle bottom has been formed at 1.0405 level on daily chart, then a sharp move towards 1.1000 could be seen to...
USDCAD has consolidated in a range between 1.0405 and 1.0852 for several weeks. Another fall below 1.0206 previous low would more likely be seen after consolidation. Resistance is at 1.0852, only rise above this level could signal...
USDCAD continues to trade in range between 1.0405 and 1.0852. As long as 1.0852 resistance holds, another fall towards 1.0000 is expected after consolidation. Key resistance is at 1.0852, only rise above 1.0852 will indicate lengthier correction...
