Usd/Cad

badiya analysis bro, abi e pair girne ke liye bahut chance hai, kyo ki USD grina suru kiya ta NFP news ke bad, Aaj CAD ka news aane vla hai @ 6pm and 7:30pm, e dono e pair ko maddat karne ke liye chnaces hai iste badh price gir sakta hai.

USD/CAD
Pivot Point => 1.3161
Market trend=> SELL


Resistance = 1.3170
Resistance = 1.3185
Resistance = 1.3197


Supporting = 1.3148
Supporting = 1.3132
Supporting = 1.3121

USDCAD

Market trend BUY

Resistance 1.3527
Resistance 1.3429
Resistance 1.3399



Supporting 1.3255
Supporting 1.3249
Supporting 1.3149

Good morning!

We can expect for a test underneath the 1.3095 level, because it offers an opportunity to maintain a position below and pushed lower to the south with the initial target of 1.3010, followed by the level 1.2970.

The other option is to return the USD/CAD currency pair under the inclined sentiment and trailed the southern trend. An exit on top of 1.3160 open doors to establish a longer perspective for the northern direction.

I wish everyone a good and profitable day ahead!

The data published by Statistics Canada on Monday showed that the Canadian real Gross Domestic Product (GDP) contracted by 0.1% on a monthly basis in October and the pair rose to a daily high of 1.3177 with the initial market reaction but closed the day in virtually unchanged 1.3147 as the thin liquidity conditions ahead of Christmas break didn't allow the pair to make a decisive move in either direction.

USD/CAD
Pivot Point => 1.3161
Market trend=> SELL


Resistance = 1.3170
Resistance = 1.3185
Resistance = 1.3197


Supporting = 1.3148
Supporting = 1.3132
Supporting = 1.3121

USDCAD ranging nicely now between 1.2970 and 1.3170 and to be honest we can actually expect this range to be real for the coming few weeks before the September volatility and trending markets return. So now price sitting at 1.3080 is nowhere and no need to touch it but if it gets closer to 1.3170 or 1.2970 I will consider selling or buying at the level as resistance or support are likely to hold for now.

HELLO

USDCAD ranging nicely now between 1.2970 and 1.3170 and to be honest we can actually expect this range to be real for the coming few weeks before the September volatility and trending markets return. So now price sitting at 1.3080 is nowhere and no need to touch it but if it gets closer to 1.3170 or 1.2970 I will consider selling or buying at the level as resistance or support are likely to hold for now.

The Canadian Dollar’s fortunes in 2019 were dominated by the trans-Pacific trade war between the United States and China, a dispute in which Canada’s resource economy has a large interest but virtually no say. Presidents Trump and Xi have agreed on a phase-one trade deal that alters the discussion from antagonism to accommodation and aims to foster a relationship between the two economic titans that will lead to a more comprehensive arrangement in the future.

Usd/Cad

Resistance level
1.Resistance level 1.3146
2.Resistance level 1.3169
3.Resistance level 1.3183

Supporting level
1.Supporting level 1.3111
2.Supporting level 1.3098
3.Supporting level 1.3056