The release of the US and Canadian data at 15:30 MT time will bring substantial volatility to the pair.
Tag - cad - canadian dollar
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As long as the price stays below 1.3370, the near-term focus will be on the 100-day MA at 1.3310.
The British pound and the Canadian dollar are expected to make some good moves today. Look at GBP/USD and USD/CAD
There's a 'Hammer' pattern, which led to the current upward price movement. In this case, we should watch the nearest resistance...
GBP/CAD has been trying to break above the 200-week MA at 1.7735 for 4 weeks.
It looks like CAD/JPY formed a “Head and shoulders” pattern. The pattern may not look very pretty but it has all the required elements.
Pay attention to the EUR/CAD and USD/CAD today!
The market faced support by the 55 Moving Average and the 'Window', so there're bullish patterns such...
Find out the most important events in the market for the upcoming week!
It's likely that the pair is going to test the nearest support at 1.3259 and the 55 Moving Average...
USD/CAD was rejected down by the resistance in the 1.3460 area. The pair is now trading below the weekly pivot point at 1.3385.