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USDCAD Technical Analysis - Getting close to a key support zone

USDCAD

USDCAD Technical Analysis - Getting close to a key support zone

  • The USDCAD pair continues to pull back into key support levels. What’s next?
FL Contributors
FL Contributors
Friday, 26/04/2024 | 08:31 GMT-0
26/04/2024 | 08:31 GMT-0
Technical Analysis

USDCAD another pair that has retraced the USD gains. Back down testing 50% midpoint.

usdcad

USDCAD another pair that has retraced the USD gains. Back down testing 50% midpoint.

  • The 50% of the April trading range is being tested at 1.36612
Greg Michalowski
Greg Michalowski
Thursday, 25/04/2024 | 18:31 GMT-0
25/04/2024 | 18:31 GMT-0
News

Canada Feb average weekly earnings 4.53% vs 3.88% prior

Canada Feb average weekly earnings 4.53% vs 3.88% prior

  • Canadian February wage data
Adam Button
Adam Button
Thursday, 25/04/2024 | 12:37 GMT-0
25/04/2024 | 12:37 GMT-0
Central Banks

Retail sales keep Bank of Canada on track to cut rates in June - CIBC

Retail sales keep Bank of Canada on track to cut rates in June - CIBC

  • CIBC highlights today's retail sales report
Adam Button
Adam Button
Wednesday, 24/04/2024 | 13:59 GMT-0
24/04/2024 | 13:59 GMT-0
Technical Analysis

USDCAD moves higher helped by fundamental data/technical bounce.

usdcad

USDCAD moves higher helped by fundamental data/technical bounce.

  • The price of the USDCAD found support at a key swing area and was then helped by weaker Canada data/strong US data.
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 13:37 GMT-0
24/04/2024 | 13:37 GMT-0
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