What to expect this week
Tag - cad - canadian dollar
To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).
The economic calendar for the upcoming week contains a number of important events…
EUR/CAD has tried to return above the previous support and now resistance line connecting the lows of 2015 and 2017.
During the European trading session, both the US and the UK yield curves inverted.
What to expect for NZDCAD
Technical analysis of GBPCAD
USD/CAD spiked towards the resistance in the 1.3350 area but failed to close above 1.3305.
After the rate cut by the Federal Reserve and intensified trade tensions last week, the risk sentiment in the market will be under the main attention.
Japanese yen has broadly strengthened as the demand for it as a safe haven increased.
If we look at the weekly chart of AUD/CAD, it looks like the pair is forming a bullish “butterfly” harmonic pattern.
The hottest week has come...