Check out the levels of USD/CAD and oil ahead of the BOC monetary policy statement!
Tag - cad - canadian dollar
USD/CAD recovered last week from the 2018 support line in the 1.3150/00 area.
CAD/JPY failed to close last week around the high of 85.20.
Would you like to know the best trading opportunities for this week and find out the main market impacts?
We look for Canadian GDP growth data and US ISM Manufacturing PMI figure. Check how these releases will affect USD/CAD and EUR/USD.
There're bearish patterns such a 'Harami' and an 'Engulfing', which both have been formed below the upper 'Window'...
Canadian inflation data, Fed Chairman Testifies and crude oil inventories figures are on the stage for today
EUR/CAD tested 1.5040 yesterday but then closed below 1.50.
Watch the key levels for EUR/USD and USD/CAD
We should watch the nearest resistance at 1.3231 as an intraday target. If a pullback from this level happens afterwards...
Do you want to get clues on the most important economic events this week?
The market is likely going to reach the next resistance area at 1.3374 - 1.3385. If a pullback from these levels happens little later on...