FUND Buy 25.02.2020 08:59
USD/CAD: flat dynamics
Today, during the Asian session, the USD/CAD pair is falling, being corrected after yesterday’s active growth. Now, the US dollar has lost about 0.08%, testing the level of 1.3280 for a breakdown.
TECH Buy 21.02.2020 08:35
USD/CAD: wave analysis
The pair may grow.
On the daily chart, a downward correction of the higher level formed as the second wave (2), and the development of the wave (3) started. Now, the first entry wave of the lower level i of 1 of (3) is forming, within which a local correction has ended as the wave (iv) of i. If the assumption is correct, the pair will grow to the levels of 1.3400–1.3564. In this scenario, critical stop loss level is 1.3208.
FUND Sell 20.02.2020 08:17
USD/CAD: Canadian dollar drives the pair again
The USD/CAD pair shows the first signs of a reversal and the beginning of a downtrend. The Economic Statistics Agency of Canada continues to publish positive data for various sectors that cannot but support the national currency. The Core consumer price index for January amounted to 0.4%, which is better than the previous month's figure of –0.4%. In annual terms, it was also corrected upwards and amounted to 1.8%, which coincided with the expectations of analysts.