6 febbraio 2012

USD/CAD Daily Outlook

Near term outlook in USD/CAD remains bearish for the moment with 1.0070 resistance intact. Current fall should continue to 0.9891 support first. Break will extend the whole decline from 1.0656 towards 100% projection of 1.0656 to 0.9891 from 1.0522 at 0.9763. On the upside, however, note that break of 1.0070
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USD/CAD Weekly Outlook

USD/CAD’s choppy fall continued last week and reached as low as 0.9927 so far. Initial bias remains on the downside this week for 0.9891 support first. Break will extend the whole decline from 1.0656 towards 100% projection of 1.0656 to 0.9891 from 1.0522 at 0.9763. On the upside, break of
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Canada Employment Change – Will USD/CAD Hold Below Parity?

Canada’s economy swooned in the 4th quarter with the economy shedding jobs in both October (-54K) and November (-19K). However, in December, there was a bounce back with 18K jobs gained in the economy, though that was still only the 2nd month out of the last 6 in which job growth was positive. The…

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USDCAD: Vulnerable Despite Price Hesitation.

USDCAD: While USDCAD is trying to stage a recovery having held above the 1.0000 level, its big psycho level and its Tuesday low at 0.9964 level, it still remains susceptible. This will leave the pair targeting the 0.9890 level, its Oct 27’2011 high. Both its daily and weekly RSI are bearish and…

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ACB’s seen buying cable, selling USD/CAD

Cable at 1.5735 from session low 1.5708 (EBS), USD/CAD down at 1.0025 from session high 1.0048.
I haven’t gotten reports, but if they’re selling dollars in those two pairings then they’re most probably selling them versus the euro as well.
EUR/USD meanwhile has extended recovery a little further t…
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USD/CAD in a Pullback; 1.0080-1.0100 Is a Key Resistance Cluster Zone

The USD/CAD has found short-term support at 0.9980 after breaking below parity. Looking at the 1H chart, we see that the rally is taking a second leg (or 3rd wave up), so it is possible that this is a C wave in an ABC correction. The downtrend seen in the 1H chart has been choppy, but it has been…

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USD/CAD Weekly Outlook

USD/CAD dropped to as low as 0.9981 last week and the break of 1.0051 support confirmed resumption of fall from 1.0522. Further decline is expected as long as 1.0147 resistance holds, for 0.9891 support. Break will target 100% projection of 1.0656 to 0.9891 from 1.0522 at 0.9763. On the upside,
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USD/CAD Breakdown holds steady at key psychological level 1.0000

USD/CAD’s breakdown is holding steady at the key psychological level
of 1.0000, which is near the rate’s 200-day average (currently trading at
0.9950). Only a break beneath here will target support at 0.9890.
Failure to push sustainably through 0.9950 will suggest a potential false
pat…

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USD/CAD Daily Outlook

USD/CAD drops further to as low as 0.9981 before recovering mildly. Further decline is expected with 1.0147 resistance intact, to 0.9891 support next. On the upside, break of 1.0147 resistance is needed to signal short term bottoming. Otherwise, we’ll now stay cautiously bearish even in case of recovery.
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USD/CAD Daily Outlook

USD/CAD drops further to as low as 0.9981 before recovering mildly. Further decline is expected with 1.0147 resistance intact, to 0.9891 support next. On the upside, break of 1.0147 resistance is needed to signal short term bottoming. Otherwise, we’ll now stay cautiously bearish even in case of recovery.
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