USDCAD Trump Shock Pushes Canadian Dollar Down

USDCAD Rose First Look on Monday July 17

Canadian Dollar | Data | Chart | Calendar | Forecast | News

FOREX INVESTORS BUZZ USDCAD Rose First Look  The USDCAD increased 0.0002 or 0.02% to 1.2642 on Monday July 17 from 1.2640 in the previous trading session. Historically, the Canadian Dollar reached an all time high of 1.61 in January of 2002 and a record low of 0.92 in November of 2007.

As the greenback has fallen again after brief recovery, suggesting recent selloff from 1.3794 top (wave c of larger degree wave b top) is still in progress and bearishness remains for further decline to 1.2870, then 1.2850, however, loss of downward momentum should prevent sharp fall below 1.2800, risk from there has increased for a rebound to take place later.

In view of this, would not chase this fall here and would be prudent to sell the pair again on recovery as 1.3010-15 should limit upside. Above 1.3070-75 would defer and suggest low is formed, bring a stronger rebound to 1.3115-20 and possibly towards previous support at 1.3165 (now resistance) but only break there would signal a temporary low is formed instead, then test of another previous support at 1.3212.




USDCAD Rose First Look

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Canadian Dollar

The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Canadian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canadian Dollar – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.26 1.26 1.61 0.92 1972 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



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