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FxWirePro: USDCAD Daily Outlook

USDCAD trades lower after a 100 pips jump in past two trading days. The jump was mainly due to broad based US dollar buying. Canadian manufacturing sales came at 2.1% in Mar after declining 0.2% in Feb. Crude oil has shown a good recovery of more than $3 on US and Iran geopolitical tension. It hits intraday low of 1.34515 and is currently trading around 1.34594.

 

On the lower side, near term support is around 1.3385 (55- day EMA) and any break below will drag the pair to next level till 1.3350/1.3300. Any break below 1.32750 confirms further bearishness.

 

The near term resistance is around 1.3440 and any break above will take the pair to next level till 1.3500. Any break above 1.3520 will take the pair till 1.3580/1.3660.

 

It is good to sell on rallies around 1.3475-80 with SL around 1.3520 for the TP of 1.3300.

 

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June 19 03:00 UTC Released

NZRBNZ Offshore Holdings

Actual

51.3 0

Forecast

Previous

51.2 0

June 18 23:50 UTC Released

JPTrade Balance Total Yen

Actual

-967.1 Bln JPY

Forecast

-979.2 Bln JPY

Previous

60.4 Bln JPY

January 31 00:00 UTC 725948725948m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 725948725948m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 737768737768m

ARTrade Balance

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Forecast

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-1541 %

January 31 00:00 UTC 725948725948m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737768737768m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725948725948m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725948725948m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725948725948m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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