The USD/CAD pair demonstrates a compression in volatility, trading inside Tuesday's range of 1.3600-1.3700 ahead of the speech from Federal Reserve (F
USD/CAD retreats from 1.3650 but stays inside Tuesday’s range. A soft Canada inflation report has dented hopes of one more interest rate increase from the BoC. USD/CAD trades directionless in a Symmetrical Triangle pattern, which indicates a squeeze in volatility. ed) Chair Jerome Powell, scheduled for Wednesday.
The Loonie asset has dropped to near 100-period Exponential Moving Average at 1.3610. A further breakdown could strengthen the Canadian Dollar. The Relative Strength Index oscillates in the 40.00-60.00 range, portraying a consolidation ahead. A decisive break above March 24 high around 1.3800 would expose the asset to March 10 high at 1.3860, followed by the round-level resistance at 1.3900. In an alternate scenario, a breakdown below September 25 low around 1.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CAD Price Analysis: Recover some lost ground, the key barrier is seen at 1.3700The USD/CAD pair snaps a two-day losing streak during the Asian session on Tuesday. A rebound of the pair is bolstered by a rally of the US Treasury y
Read more »
USD/CAD faces pressure near 1.3640 ahead of Canada’s Inflation and US Retail Sales dataThe USD/CAD pair finds some selling pressure after recovering to near 1.3640 from the round-level support of 1.3600. The Loonie asset is expected to r
Read more »
AUD/JPY Price Analysis: Recovers from last week’s lows, faces resistance at 95.00AUD/JPY bounced off last week’s lows, confluence with the bottom of the Ichimoku Cloud (Kumo) at around 94.00, and rose to a two-day high of 94.90 on
Read more »
USD/CAD posts modest gains above the 1.3600 mark ahead of US Retail Sales, Canadian CPIThe USD/CAD pair posts modest gains during the early Asian session on Tuesday. Market players await the Canadian inflation data due later in the day.
Read more »
USD/CAD: There is some room for a rebound in the near termCanada releases inflation figures for September today. Economists at ING analyze USD/CAD outlook ahead of the Consumer Price Index (CPI) report. BoC m
Read more »
USD/CAD Slides as Oil Surprisingly Follows Suit on Potential US-Venezuela Oil DealUSDCAD slides with Oil following suit on news of US-Venezuela deal. Will Canadian inflation rise once more adding further pressure on the Bank of Canada (BoC)?
Read more »