USDCAD Canadian Dollar Fell Midday Friday July 21

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

CURRENCY INVESTORS Canadian Dollar Fell  The USDCAD decreased 0.0056 or 0.45% to 1.2532 on Friday July 21 from 1.2588 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 continued heading south after recent selloff below indicated previous support at 1.2969, adding credence to our bearish view that early erratic rise from 1.2461 has ended at 1.3794 earlier, hence further fall to 1.2550, then 1.2500 would be seen, however, oversold condition should limit downside to previous support at 1.2461 and price should stay well above 1.2400, risk from there has increased for a rebound to take place later.

On the upside, whilst initial recovery to 1.2700, then test of the Tenkan-Sen (now at 1.2761) cannot be ruled out, reckon 1.2830-40 would limit upside and bring another decline later. Only above the Kijun-Sen (now at 1.2963) would abort and suggest a temporary low is formed instead, risk a stronger rebound to resistance at 1.3015, however, still reckon upside would be limited to 1.3050 and price should falter well below previous support at 1.3165, bring another selloff later in late Q3.



Canadian Dollar Fell

READ  (European Session) – Dollar strengthens after manufacturing PMI beat; pound hits three-week low as manufacturing industry slows
READ  Investors Buz Forex Week Ahead Dec 18 — 22
READ  USDCAD Forecast July 24-28 2017

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
1.25 1.26 1.61 0.92 1972 – 2017 Daily

Like up on FACEBOOK


logo



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



Click here for reuse options!
Copyright 2017 Investors Buz

Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

Leave a Reply

Create Account



Log In Your Account