23 October, 2019 by Aayush Jindal in Market Analysis
USD/CAD declined heavily and settled below the
key 1.3180 support area.A connecting bearish trend line is forming with
resistance near 1.3130 on the 4-hours chart.Canada’s Retail Sales declined 0.1% in August
2019, whereas the forecast was +0.4%.Canada’s Wholesale Sales could rise 0.3% in Aug 2019,
less than the last +1.7%.
USD/CAD Technical Analysis
18 September, 2019 by Aayush Jindal in Market Analysis
The US Dollar climbed higher recently above 1.3200
against the Canadian Dollar. Oil prices surged higher this week after weekend’s
attack on Saudi Arabia’s massive oil facility.The US Industrial Production increased 0.6% in
August 2019 (MoM), more than the +0.2% forecast.Canada’s CPI could decline 0.1% in August 2019
(MoM), whereas it increased last mon...
22 August, 2019 by Aayush Jindal in Market Analysis
Recently, the US Dollar retested the key 1.3345
resistance against the Canadian Dollar. A major bullish trend line is forming with
support near 1.3240 on the 4-hours chart of USD/CAD.Canada’s CPI increased 0.5% in July 2019 (MoM),
more than the +0.2% forecast.The US Manufacturing PMI could increase from
50.4 to 50.5 in August 2019 (Preliminary).