Usd/Cad

[amni570]

Sell USDCAD at 0.9855 SL 0.9900 TP 0.9810

[tradergalau]

If we look the previous candle on daily time frame, I think the reversal movement may happen on USDCAD. This candle, show that USDCAD had been rejected strongly by the 0.9927 resistance level yesterday. So, if USDCAD can break the yesterday's low, I think USDCAD will fall to the support level at 0.9862.

[Bieela_cute]

Elliott: elongated flat correction down 0.9863
It looks more likely that it would rise to 0.9967 - 1.0009 from 0.9913 or 0.9891. After which a downside move is expected.
Warning: End of trend - Engulfing pattern
Technical points
Key point 0.9910
Entry point 0.9943
Elliott 0.9976
Closing 0.9924
Projection 0.9901
Trendline 0.9940
Trendline 0.9940
Supports / Resistances
Res 2 1.0009
Ex-High 0.9976
Res 1 0.9967
Pivot 0.9934
Sup 1 0.9891
Ex-Low 0.9901
Sup 2 0.9858

[raihan8212]

The U.S. dollar came off a twoand-a-half month high against the Canadian dollar on Tuesday, after the Bank of Canada indicated that rate hikes will likely be necessary in time, but losses were limited by weaker-than-expected Canadian retail sales data.

USD/CAD pulled back from 0.9976, the pair�s highest since August 8, to hit 0.9910 during early U.S. trade, slipping 0.10%.

The pair was likely to find support at 0.9843, the low of October 19 and resistance at 0.9974, the session high.

The Canadian dollar firmed up after the BoC left its benchmark interest rate unchanged at 1.00% earlier and indicated that while policymakers believe rate hikes may still be required they are unlikely to come in the near future.

"Over time, some modest withdrawal of monetary policy stimulus will likely be required, consistent with achieving the 2% inflation target," the bank�s rate statement said.

The statement added that any such withdrawal would have to be �carefully� weighed against global and domestic economic developments.

Separately, Statistics Canada said retail sales rose 0.3% in August, disappointing expectations for a 0.4% increase, after a 0.7% gain in July.

Core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.4% in August, above expectations for a 0.2% increase.

---------- Post added at 12:23 AM ---------- Previous post was at 12:22 AM ----------

The Bank of Canada left its benchmark interest rate unchanged for the 17th consecutive month in October and signaled that it could hike rates in the coming months, it said on Tuesday.

In a statement, the central bank said it was leaving its overnight cash rate unchanged at 1.00%, in line with expectations.

The central bank said in an accompanying rate statement that, “Over time, some modest withdrawal of monetary policy stimulus will likely be required, consistent with achieving the 2% inflation target.”

“The timing and degree of any such withdrawal will be weighed carefully against global and domestic developments, including the evolution of imbalances in the household sector,” the statement added.

Following the release of the data, the Canadian dollar erased losses against its U.S. counterpart, with USD/CAD easing down 0.04% to trade at 0.9918.

---------- Post added at 12:23 AM ---------- Previous post was at 12:23 AM ----------

Core retail sales in Canada rose more-than-expected in August, while total retail came in below market forecasts, official data showed on Tuesday.

In a report, Statistics Canada said core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.4% in August, above expectations for a 0.2% increase.

July’s figure was revised to a 0.5% increase from a previously reported gain of 0.4%.

Total retail sales rose by a seasonally adjusted 0.3% in August, compared to expectations for a gain of 0.4%, after rising by 0.7% in July.

Gains were reported in 5 of 11 subsectors, representing 53% of total retail trade.

Following the release of the data, the Canadian dollar remained lower against its U.S. counterpart, with USD/CAD gaining 0.49% to trade at 0.9971.

[najmul.djd]

usd/cad technical analysis by using : average directional movement index

adx : 43.9434
+di : 24.7825
-di : 8.8853
timeframe : 1 hour

time : 2000
date : 23.10.2012

[Ladenboys]

Today Bank of Canada keeps it interest rate unchange at 1%.At a result the USD/CAD makes a 70 pips sudden drop 0.9900 from 0.9970 but its unable to break 0.9880,the major support level.
Todays pivot at 0.9945

[forexking2]

The trading range for today is among the key support at 0.9785 and the key resistance at 1.0040.
The short term trend is to the downside steady daily closing below the levels of 1.0125, with targets at 0.9400

[amni570]

The Australian dollar continued falling down after the RBA slashed its interest rates by 25 basis points. In a communiqu� Governor Glenn Stevens said that the board considers that "on the back of international events, the growth outlook for next year could be weaker." Market sentiment remains weak in AUD until recent developments in...

[winstead]

Upward movement USDCAD from 0.9763 extended to as high as 0.9964. Further increases are still possible after consolidation light, and next target would be at 1.0000 area.

[Alex]

Steam again after a small correction continued growth northern and yet managed to overcome the resistance zone around 9945, a couple is now about the day of the Haya, the nearest major resistance level - 200 moving, the way is open to it.