USD/CAD shot up this week but met the resistance of the daily MAs in the 1.3200 area. Here’s also the 50% retracement of the October advance.
Tag - cad - canadian dollar
Traders drop the USD and wait for NFP. Learn more!
Have a look at the chart of CAD/CHF: the pair is testing daily moving averages.
Mixed reaction of the market to the US Fed, Bank of Canada and Bank of Japan interest rates releases
The Canadian dollar weakened significantly after the monetary policy decision by the Bank of Canada.
This week three major institutions release their respective interest rate decisions; we examine the conditions and consequences of each one
A big day for the USD!
During the summer months, EUR/CAD broke an important support line and traded with a bearish bias ever since.
Traders await the meetings of the Federal Reserve and the Bank of Canada and there is news from the UK…
Canada will release the level of GDP growth at 14:30 MT on October 31.
The week will bring many important market events, be cautious!
On the H1 chart of NZD/CAD, the price once again bounced back from the local resistance level of 0.8404 and is on the way down to support at 0.8281.