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USD/CAD survives above 1.1200

FXStreet (Edinburgh) - After bottoming out in the vicinity of 1.1200 the figure, USD/CAD managed to rebound and is currently looking to regain 1.1230.

USD/CAD down from 1.1300

The pair lost almost a big-figure since overnight peaks just below the 1.1300 handle, correcting lower following the offered tone around the US dollar vs. the comm-bloc currencies. Next of note in the US docket will be the inflation figures gauged by the CPI due tomorrow, with consensus expecting consumer prices to have gained 1.6% on a year to September. On the Canadian side, the more relevant BoC monetary policy meeting is due followed by a press conference by Governor Poloz. In the opinion of Camilla Sutton, Chief FX Strategist at Scotiabank, “technical signals lack conviction and candlesticks suggest a range bound environment between 1.1190 and 11.385”.

USD/CAD levels to consider

At the moment the pair is losing 0.54% at 1.1224 and a breach of 1.1205 (23.6% of 1.0620-1.1385) would expose 1.1200 (psychological level). On the upside, the initial hurdle lines up at 1.1297 (high Oct.21) ahead of 1.1360 (high Oct.16) and finally 1.1385 (2014 high Oct.15).

USD/JPY in bearish territory below 107.05 - Scotiabank

Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank notes conditions around what she believes to be a bearish case for the USD/JPY.
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CAD and crosses technical snap shot - TDS

Analysts at TD Securities explained that the USD/CAD tests 1.12 but liable to bounce in the short-run; longer-term patterns start to look a little more negative. Crosses to follow…
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