Trading hints for December 21
Tag - cad - canadian dollar
With Canadian economic releases later today at 15:30 MT time, the Canadian dollar is getting ready for the increase in volatility.
The levels of monthly GDP and core retail sales for Canada are expected on December 21, at 15:30 MT time.
Today the Bank of England will announce its statement at 15:00 MT time. Although it’s hard to imagine positive comments for the GBP, anything can happen.
The economic calendar is full of events: FOMC Statement, British and Canadian CPI, New Zealand GDP…
On the daily chart of USD/CAD, the implementation of the "Bat" and AB=CD patterns continues.
Trade ideas on December 17-21
USD/CAD has reached resistance of June highs around 1.3386. It briefly tested levels above this point, but then returned lower.
On the daily chart of USD/CAD, the pair reached the 113% target of the "Shark" pattern.
NFP, Canadian job data, OPEC Meetings...
OPEC+ meeting will support the oil prices...or not? Find out from the news! Also, learn how to trade USD/CAD and EUR/USD ahead of the significant releases!
Canada is awaiting the release of its trade balance at 15:30 MT time…