USD/CAD bears need to get below daily support 1.3387 USDCAD Currencies DollarIndex SEO BOC
The Bank of Canada's Tiff Macklem used a speech in Quebec City on Feb. 7 to reiterate that the central bank would be taking a conditional pause on rate hikes over the months ahead although he was also definitive that policymakers aren’t planning on cuts anytime soon. This was the Bank of Canada's governor's first speech of 2023.
''It signalled the producer is expecting stronger demand, particularly in China which is reopening after years of virus-related restrictions,'' the analysts added. As we can see, USD/CAD has printed a W-formation on the daily chart. While this is a reversion pattern, USD/CAD bears need to break the neckline and close below it or face bullish pressures that could lead to a move into the 1.3470s and with USD/CAD bulls eyeing 1.3520 thereafter. On a break below the neckline, it would be safe to say that theInformation on these pages contains forward-looking statements that involve risks and uncertainties.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
USD/CAD Price Analysis: Bears take on key support structures, but bulls are lurkingThe Canadian Dollar weakened against the US Dollar on Friday and ended its run of weekly gains as the following charts will show. Data from the US boo
Weiterlesen »
USD/CAD Price Analysis: Fakeout drags loonie below 1.3400The USD/CAD pair has dropped vertically below the crucial support of 1.3400 in the early Tokyo session. The Loonie asset is facing immense pressure am
Weiterlesen »
USD/CAD edges lower to 1.2400 amid an uptick in oil prices, stronger USD limits lossesUSD/CAD edges lower to 1.2400 amid an uptick in oil prices, stronger USD limits losses – by hareshmenghani USDCAD NFP Fed RiskAversion Currencies
Weiterlesen »
USD/CAD Price Analysis: Seeks strength to deliver a Falling Channel breakoutThe USD/CAD pair has turned sideways after a marginal correction from 1.3476 in the early Tokyo session. The Loonie asset is expected to resume its up
Weiterlesen »
USD/CAD rebounds firmly from 1.3400 as anxiety soars ahead of Fed Powell/BoC Macklem speechUSD/CAD has sensed buying interest after a drop to near the round-level support at 1.3400 in the early European session. The Loonie asset has recovere
Weiterlesen »
USD/CAD struggles near 1.3400 mark amid rising oil prices, modest USD weaknessThe USD/CAD pair comes under some selling pressure on Tuesday and snaps a three-day winning streak to over a two-week high, around the 1.3475 region t
Weiterlesen »