Canadian Dollar insight USDCAD for November 15, 2017
USD trading 0.08% higher against CAD
Canada today, investor sentiment would be governed by global macroeconomic factors
Earlier, a weak signal was received for the sale of the pair US Dollar/Canadian Dollar,
USDCAD it is good to buy on dips around 1.2735-1.2740 with SL around 1.2690 for the TP of 1.2820/1.2900
CURRENCY TRADERS The pairs US Dollar/Canadian Dollar. The test of the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 1.2750 is expected, from which it is expected to rebound and continue the development of a bearish trend with a target at 1.2580.
Earlier, a weak signal was received for the sell of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2855. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the level of 1.2820, which will indicate a change in the bearish trend in favor of the bullish. Expect the acceleration of falling quotations of the pair is with the breakdown of the level of 1.2640.
The pair is trading at 1.2745 at 10:40 GMT this morning, with the USD trading 0.08% higher against CAD from the New York close. With no macroeconomic releases in Canada today, investor sentiment would be governed by global macroeconomic factors. The pair traded at a high of 1.2758 and a low of 1.2730 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday, closing 0.24% higher at 1.2735. The pair is expected to its find support at 1.2707 and its first resistance at 1.2770.
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