Canadian Dollar forecast & technical analysis USDCAD fell lower Dec 16

Canadian Dollar forecast & technical analysis USDCAD fell lower Dec 16

Canadian Dollar forecast & technical analysis USDCAD fell lower Dec 16

  • The pair is trading at 1.2752
  • The pair traded at a high of 1.2804 and a low of 1.2739
  • expected to its find support at 1.2692

 USDCAD fell lower – Canada’s existing home sales data for November will be on investor’s radar.

USDCAD The pair is trading at 1.2752 at 10:40 GMT this morning, with the USD trading 0.31% fell lower against CAD from the New York close. Ahead in the day, Canada’s existing home sales data for November will be on investor’s radar.

 USDCAD fell lower - Canada’s existing home sales data for November will be on investor’s radar.

USDCAD fell lower

READ  Canadian Dollar Weekly Overview USDCAD expect decline DEC 4-8
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READ  USDCAD increased 0.0016 or 0.12%

The pair traded at a high of 1.2804 and a low of 1.2739 this morning. The US Dollar declined against the Canadian Dollar in the New York session yesterday, closing 0.28% lower at 1.2792. On the macro front, Canada’s new housing price index advanced on a monthly basis in October. The pair is expected to its find support at 1.2692 and its first resistance at 1.2835.

 
DatePriceOpenHighLowChange %
Jan 08, 20181.24161.23951.24491.23780.17
Jan 07, 20181.23951.24121.24151.2395-0.11
Jan 05, 20181.24091.24861.25151.2353-0.62
Jan 04, 20181.24871.25321.25561.2482-0.37
Jan 03, 20181.25331.25131.25551.24980.16
Jan 02, 20181.25131.25431.25611.2499-0.26
Jan 01, 20181.25451.25791.25821.2544-0.27
Dec 29, 20171.25791.25691.25861.25130.08
Dec 28, 20171.25691.26551.26631.2564-0.68
Dec 27, 20171.26551.26871.26971.2625-0.28
Dec 26, 20171.26901.27291.27371.2684-0.31
Dec 25, 20171.27291.27241.27421.2714-0.03
Dec 22, 20171.27331.27411.27971.2695-0.04
Dec 21, 20171.27381.28331.28391.2696-0.76
Dec 20, 20171.28361.28751.28821.2816-0.33
Dec 19, 20171.28781.28601.29201.28480.12
Dec 18, 20171.28621.28741.28821.28420.00
Dec 15, 20171.28621.27991.28921.27370.52
Dec 14, 20171.27961.28191.28671.2711-0.15
Dec 13, 20171.28151.28651.28821.2791-0.37
Dec 12, 20171.28621.28571.28931.28110.05
Dec 11, 20171.28561.28541.28711.28310.09
Highest:1.2920Lowest:1.2353Difference:0.0567Average:1.2671Change %:-3.3398

READ  USD | CAD prediction | technical analysis Midday October 13, 2017
READ  Ripple forecast & analysis XRPUSD moves higher Dec 11
READ  USDCAD insight technical analysis for November 14, 2017

 

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A few currencies, like cryptocurrencies, Bitcoin, Dogecoin and other online currencies and branded currencies are not tied to any usa. Branded currencies, like airline and credit card points, or in-recreation credit are valued on the subject of the price of the products or offerings they’re tied to. Manipulate over virtual currencies is totally decentralized, and the exchange price of a virtual foreign money can vary extensively in a quick time frame.

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In almost all instances, the valuable financial institution of a rustic has the only right to problem cash for the stream. Along with a prime unit of foreign money, those banks problem fractional gadgets, usually inside the shape of cash. These normally display up as 1/100th, and 1/4th, but can at instances be as small as 1/one thousandth of the main unit of foreign money.

Investors regularly change forex at the forex marketplace, that’s one of the maximum closely traded markets in the global. An trade price is a charge at which two currencies may be exchanged in opposition to every other. These quotes may be ‘floating’ or ‘constant’; floating being that the fee of the currency changes in terms of foreign exchange marketplace mechanisms, constant currency is presently tied to another forex like gold or a currency basket.


 

 


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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.

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