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19 Jun 2013
USD/CAD rejected at daily resistance
FXstreet.com (London) - USD/CAD failed at 1.02450 and has since been drifting lower to test support 1.0200.
USD/CAD Data
USD/CAD will be reacting to FOMC a little later on as well as Bank of Canada’s new Govener, Mr.Poloz who is talking tonight on the topic of “Recovery: Rebuilding Business Confidence in Canada.” Markets will be watching closely to see if he sticks to the same script that he did during his appearance before Parliament a couple of weeks ago, which was very much in line with Carney’s tone, according to Alvin Pontoh at TD Securities
USD/CAD leaning lower
USD/CAD is titling south and away from the key resistance at 1.2070 in an otherwise short term upside trend. EMA20 at 1.0215 and the pivot with EMA50 at 1.0202 acts as support for now with the negative linear regression indicators kicking in before the market plays with the rhetoric which will come in this afternoon.
USD/CAD Data
USD/CAD will be reacting to FOMC a little later on as well as Bank of Canada’s new Govener, Mr.Poloz who is talking tonight on the topic of “Recovery: Rebuilding Business Confidence in Canada.” Markets will be watching closely to see if he sticks to the same script that he did during his appearance before Parliament a couple of weeks ago, which was very much in line with Carney’s tone, according to Alvin Pontoh at TD Securities
USD/CAD leaning lower
USD/CAD is titling south and away from the key resistance at 1.2070 in an otherwise short term upside trend. EMA20 at 1.0215 and the pivot with EMA50 at 1.0202 acts as support for now with the negative linear regression indicators kicking in before the market plays with the rhetoric which will come in this afternoon.