USD/CAD declines slightly on tariff exclusions, buy on dips

FX:USDCAD   美元/加元
USD/CAD             declined more than 100 pips yesterday after BOC             monetary policy . The pair hits fresh 2018 high at 1.30013 and declined almost 1%. The pair’s weakness was mainly due to tariff exclusion on Canada and Mexico for steel and aluminum products. The pair hits low of 1.28657 yesterday and shown a minor jump. It is currently trading around 1.29275.

The Bank of Canada kept its key interest rate target on hold at 1.25%. But recent developments in trade policy will be major factors that affect the economy of Canada.

Oil             prices has shown minor jump after declining almost $1.50 yesterday. US crude has rose slightly less than expected at 2.4 million barrels compared to forecast of 2.6 million barrels. It is currently trading around $61.04.

On the higher side, major resistance is around 1.3000 and any break above will take the pair till 1.3000/1.3070.

The near term support is around 1.2868 (7- day MA) and any break below will take the pair till 1.2800/1.2760.Short term bearish continuation only below 1.2800.

It is good to buy on dips around 1.2915-20 with SL around 1.2860 for the TP of 1.3000/1.3070.

ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出