FUND Buy 01.03.2024 10:47
USD/CAD: Canadian economy shows signs of improvement
Against the stabilization of the American dollar, the USD/CAD pair is trading at 1.3572, despite positive macroeconomic data from Canada.
FUND Sell 29.02.2024 09:04
USD/CAD: the pair is consolidating ahead of the publication of US inflation data
The USD/CAD pair is holding near 1.3570, showing multidirectional dynamics, which sharply contrasts with the active growth of the instrument the day before, as a result of which the US dollar managed to update local highs from December 13.
TECH Sell 28.02.2024 08:29
USD/CAD: wave analysis
A fall is possible.
On the daily chart, the upward first wave of the higher level (1) of 5 ended, and a downward correction develops as the second wave (2) of 5, within which the wave C of (2) forms. Now, the first wave of the lower level i of C has ended, a local correction has formed as the second wave ii of C, and the third wave iii of C is developing. If the assumption is correct, the USD/CAD pair will fall to the area of 1.3050–1.2850. In this scenario, critical stop loss level is 1.3590.
TECH Sell 27.02.2024 11:19
USD/CAD: the quotes remain in the range of 1.3539–1.3434
Against contradictory statistics from Canada and the United States, the USD/CAD pair remains in the range of 1.3539–1.3434.
FUND Buy 20.02.2024 12:18
USD/CAD: monetary factors support the pair's growth
The USD/CAD pair has been growing in an upward trend since the end of last year: last week, the price updated three-month highs, rising to 1.3563, but then partially lost its gained positions.