USD/CAD: general analysis
Current trend
The Canadian Dollar is declining amid a fall in oil prices. Most analysts suggest the price of oil has not reached its possible lowest level yet; thus, the fall might continue. Moreover, Stephen Poloz, Governor of the Bank of Canada, stated a possibility of an interest rate cut in case of a crisis.
Support and resistance
The pair is trading between the levels of 1.4000 and 1.3835 (0.0% and 23.6% Fibonacci correction levels).
Support level: 1.3835 (23.6% Fibonacci).
Resistance level: 1.4000 (0.0% Fibonacci).
Trading tips
Place pending buy orders at the level of 1.3960 with trailing stop 20 points away.
The Canadian Dollar is declining amid a fall in oil prices. Most analysts suggest the price of oil has not reached its possible lowest level yet; thus, the fall might continue. Moreover, Stephen Poloz, Governor of the Bank of Canada, stated a possibility of an interest rate cut in case of a crisis.
Support and resistance
The pair is trading between the levels of 1.4000 and 1.3835 (0.0% and 23.6% Fibonacci correction levels).
Support level: 1.3835 (23.6% Fibonacci).
Resistance level: 1.4000 (0.0% Fibonacci).
Trading tips
Place pending buy orders at the level of 1.3960 with trailing stop 20 points away.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.