Tag Archives: USD/CAD
No change from G20: G4 currencies stay weak
As we’d expected, the weekend G20 statement contained no real news. It would certainly have been surprising had it singled out Japan as already pursuing over-aggressive
FX Daily Majors
Today’s highlights: – EURUSD: Poised at the 1.3310 38.2% Fibonacci retracement support level. Whilst above the risk is for a more immediate recovery back through 1.3432 to 1.3521/78.
USD/CAD: Fundamental levels
C$1.0220 Strong offers, negative gamma related C$1.0125/35 Medium offers/Stops
Technical Alert
EURUSD trades in a contracting range, seen as a bearish continuation pattern. Once broken the mid-1.32s should be targeted. Key ref above remains located at 1.3520…
USD/CAD Technical Analysis
(1,0105) The USD/CAD confirmed a strong daily closing above 1,01 suggesting further upside potential toward the 1,02 area where we find a resistance line, 1,0225.
USD/CAD Technical Analysis
(1,0075) The USD/CAD confirmed on Friday a strong closing after taking out our stop at 1,0035. A daily closing tonight above 1,0084 will support further strength suggesting a possible 1,01 overshooting!!
FX Daily Majors
Today’s highlights: – EURUSD: Gaining traction at 1.3310, the 38.2% retracement. Through 1.3394 initial resistance allows for a rebound back towards 1.3521.
Technical Alert
No big moves seen post G-20 and Chinese New Year festivities. The weekly chart however reveals some interesting patterns such as the long upside mid body spike in EURUSD calling for more weakness in the weeks to come and GBPNOK’s weekly spring bottom with bull divergence.
FX Daily Majors
Today’s highlights: – EURUSD: Decline continues with the market probing flagged support at 1.3310. We see scope for a break below here to challenge 1.3197 medium-term trendline support.
USD/CAD Technical Analysis
(1,0010) The USD/CAD is still consolidating interior the negative outside day with 1,0100 – 1,0010 still the levels to follow in the coming hours.
FX Daily Majors
Today’s highlights: – EURUSD: Failure at 1.3521 results in reversal lower, in turn keeping the corrective phase alive for now. Risk now back to 1.3329/10 once again, and below targets 1.3180.
USD/CAD Technical Analysis
(1,0027) The USD/CAD confirmed further consolidation interior the negative outside day with 1,0100 – 1,0010 still the levels to follow in the coming hours.