USD/CAD
Technical:
- The 50% Fib (Price:1.3577) (weekly) is closely aligned with a past resistance turned support
- Waiting for immediate close below these levels to enter a short position
- Or we can see the pair just test the Support and keep rising
o Dependent on some of the US data coming out this week.
Fundamental
- USD: Building Permits released Tuesday, 16/5/17
o Bound to shake things up
- USD: Crude Oil Inventories announcement (Wednesday, 17/5/17)
o This will likely dictate a general trend with USD pairs and Crude for this week
- CAD: Core CPI (MoM, YoY) (Friday, 19/5/17)
- CAD: Core Retail Sales (MoM), (Friday, 19/5/17)
Fundamentally not much is being announcement from both Economies. But with the recent accusation of Trump leaking secret intelligence to the Russian (Tuesday). Any USD pairs Should see a bit of price action
- The 50% Fib (Price:1.3577) (weekly) is closely aligned with a past resistance turned support
- Waiting for immediate close below these levels to enter a short position
- Or we can see the pair just test the Support and keep rising
o Dependent on some of the US data coming out this week.
Fundamental
- USD: Building Permits released Tuesday, 16/5/17
o Bound to shake things up
- USD: Crude Oil Inventories announcement (Wednesday, 17/5/17)
o This will likely dictate a general trend with USD pairs and Crude for this week
- CAD: Core CPI (MoM, YoY) (Friday, 19/5/17)
- CAD: Core Retail Sales (MoM), (Friday, 19/5/17)
Fundamentally not much is being announcement from both Economies. But with the recent accusation of Trump leaking secret intelligence to the Russian (Tuesday). Any USD pairs Should see a bit of price action
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.