Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/CAD consolidating around 1.3098, bias is bullish

  • The USD/CAD pair rose on Friday as oil dipped and the dollar recovered some ground as disquiet about the policies of U.S. President Donald Trump cooled.
     
  • Prices of oil, one of Canada's major exports, were pressured by growing global stocks. U.S. crude prices were down 0.49 percent at $53.10 a barrel.
     
  • Short dip around 1.3000 should be viewed as buying opportunities, as the Canadian dollar is weaker against the US dollar in intraday trading.
     
  • Immediate support can be seen at 1.2964, break below this level will expose the pair to next support level at 1.2900.
     
  • Immediate resistance can be seen at 1.3098, break above this level will expose the pair towards 1.3158 levels.

    Resistance Levels

    R1: 1.3098 (38.2% Retracement level)

    R2: 1.3158 (2nd Feb high)

    R3: 1.3181 (23.6% Retracement level)

    Support Levels

    S1: 1.3030 (50% Retracement level)        

    S2: 1.3000 (Psychological levels)

    S3: 1.2964 (61.8% Retracement level)
  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2017-10-17 15:31:17
0m
2017-10-17 15:30:41
0m

October 17 14:00 UTC Released

USNAHB Housing Market Indx*

Actual

68 %

Forecast

64 %

Previous

64 %

October 17 13:15 UTC Released

USManuf Output MM

Actual

0.1 %

Forecast

0.1 %

Previous

-0.3 %

October 17 20:00 UTC 186186m

USNet L-T Flows,Exswaps

Actual

Forecast

Previous

1.3 Bln USD

October 17 20:00 UTC 186186m

USOverall Net Capital Flows

Actual

Forecast

Previous

-7.3 Bln USD

October 17 20:00 UTC 186186m

USNet L-T Flows,Incl.Swaps

Actual

Forecast

Previous

-43.1 Bln USD

October 17 20:00 UTC 186186m

USForeign Buying, T-Bonds

Actual

Forecast

Previous

-0.5 Bln USD

October 17 21:00 UTC 246246m

KRExport Price Growth YY*

Actual

Forecast

Previous

10.7 %

October 17 21:00 UTC 246246m

KRImport Price Growth YY*

Actual

Forecast

Previous

9.0 %

October 17 23:00 UTC 366366m

KRUnemployment Rate*

Actual

Forecast

Previous

3.8 %

October 18 03:00 UTC 606606m

KRL-Money Supply Growth

Actual

Forecast

Previous

6.7 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.