Daily Pivots: (S1) 1.4092; (P) 1.4116; (R1) 1.4134; More… A temporary top is in place in USD/CAD with 4H MACD crossed well below signal line. Intraday bias is turned neutral for some consolidations. On the upside break of 1.4139 will resume larger rally from 1.3538 to 100% projection of 1.3725 to 1.4078 from 1.3886 at […]
The post USD/CAD Daily Outlook appeared first on Action Forex.
Discover our Weekly Market Outlook, exploring themes and events that forged financial flows throughout the week. This week saw the commencement of large wartime impacts on volatility. With the FOMC coming up, it’s not easy Read more…
Gold (XAU/USD) is under pressure, sliding this week as its safe haven appeal was overshadowed by a strengthening US dollar. Rate cut bets were slashed significantly due to fears over the Middle East conflict’s impact Read more…
Canadian Highlights Canada’s labour market weakness continued in February, with losses concentrated in full-time and private sector jobs. The unemployment rate rose to 6.7%. Canada’s trade deficit widened substantially in January, and we expect trade Read more…