Tag Archives: USD/CAD
Global Technical Watch – An infrequent bull run
The S&P 500 is on an impressive bullish run, having completed six consecutive bullish closes which is an event rarely seen in the past six years (Figure 1).
FX Daily Strategist: US
– BoC could undermine CAD on crosses, but less so on USDCAD The focus today remains on the commodity currencies. The CAD could weaken on crosses (vs. NZD and AUD) with a dovish signal from the BoC statement/ policy report (15:00 BST) and
FX Daily Majors
Today’s highlights: – EURUSD: Still scope for a brief break below 1.3257 but broadly we remain bullish for trend continuation through 1.3404 to 1.3487 and then 1.3835 eventually.
USD/CAD Analysis
The Canadian dollar was almost unchanged against USD on Tuesday, after the release of tepid Canadian economic data, although fresh hopes for progress on the euro zone front supported sentiment.
Daily FX Technical Strategy – Covering JPY and EUR shorts
In Europe, the theme of EUR short covering continues to intensify along with the rally in the CAC 40. In Japan, the equity and currency relationship is rather the opposite given the recent positioning.
UBS FX Technical
EURUSD – With the MACD above its zero line, reflecting a bull trend, the resistance focus is at 1.3404, the January 14 high.
USD/CAD Technical Analysis
(0,9918) The USD/CAD is still confirming further consolidation interior the big inside day with 0,9960 – 0,9820 still the levels to follow in the coming hours.
FX Daily Majors
Today’s highlights: – EURUSD: Support under threat at 1.3257 again as the market reverses lower from resistance at 1.3404/1.3398.
Daily FX Technical Strategy – Pound under pressure
Against a backdrop of EUR short covering, GBP has come under further selling pressure. Moves at the back end of last week saw EUR/GBP accelerate higher through a multi-month channel top and
USD/CAD Technical Analysis
(0,9911) The USD/CAD is also still confirming further consolidation interior the big inside day with 0,9960 – 0,9820 still the levels to follow in the coming hours.
FX Daily Majors
Today’s highlights: – EURUSD: Market back probing the 1.3404 resistance hurdle. We expect trend continuation higher through here for 1.3487/93 chart/50% retracement resistance.
USD/CAD Technical Analysis
(0,9869) The USD/CAD is still confirming further consolidation interior the big inside day with 0,9960 – 0,9820 still the levels to follow in the coming hours.