USD/CAD Daily Outlook

Daily pivots: (S1), 1.0065. (P) 1.0124. (R1) 1.0158. For more.

USD/CAD still reside in short intervals above 1.0061 and intraday bias remains neutral. 1.0377 resistance intact is expected to still another downturn in the USD/CAD.We would, however, continue to expect strong support from around parity to contain the downside and rebound. Break of 1.0377 will confirm that falls from 1.0671 is over and get stronger rally against 1.0675 resistance.

In the bigger picture, consolidations from 1.0851 is not clear with another descending leg is in progress.Now, we still expect strong support from parity to contain the downside and finally rally resumption. Above 1.0675/0671 resistance zone will draw 38,2% retracement of 1.3063 to 0.9929 at 1.1126 least. sustainable trade in parity, however, will enter 0.9929 is not yet the bottom and becomes the focus back to the low.

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USD/CAD Outlook – October 11 - 15

Simultaneous release of trade balance is United States and Canada highlight of the event this week. Here are the mobile market forecasts u.s. dollars/CAD events and latest technical analysis.

Us $ / CAD charts support and resistance lines. Click Zoom in.

Delete the job Canada, the. Hurt CAD and USD/CAD $ sent reaches low level not seen in higher after quite some time already. to recover the Loonie?

NHPI: published Wednesday 12: 30. The price of new homes last month – fell for the first time in over a year. This is a success symbol rate hike and also Canada economic slowdown. Big rise in rates are more likely to exercise, but expect another 0.1% decline. Trade balance: Thursday 12: 30 pm. Canada balance between having effective negative 3 months ago. Deficit unexpectedly to 27 million last month, loonie hurting. This deficit is now focus on the 9 billion. USD CAD is very choppy around this release note to the u.s. trade balance, as released at the same time. United States, increases the deficit. Manufacture: Friday 12: 30 pm. The amount of sales coming from the makers past 2 months after almost one year of growth fell. 0.9% Drop last month was particularly painful. % Rise 0.5 – hopefully fixes.

All times are GMT. 

USD CAD 1.02 between 1. 0280, closed at the beginning of the week. The () the mention 1.01 cutting crash in last week, and reaches 1. 0062. To jump another close 1. 0068 1. 0234, was followed by drop until the end.

Currently at the end to 1.01 line resistance enable. This was low in August. Version 1.02 is 2009 low was the resistance line. 1. 0280 Is a minor resistance line.

1. 0350 Line pairs in another week, held the line remains very strong resistance line. Held over during a tough row 8, two pair, 1.05

Above the stubborn one... 1.0680 served as resistance July and August 1, or more every time. High, 1 minutes... target during the 2009 high swing was in the long range restrictions. High 1. 0850, upward has high may swing, too.

Many rows exist in the following: close to the pair, ultimate support contacts – became a parity. Support, the following one line is 0. 9930.

Was low in addition 0.98 0.97 lines and support back in 2008, and not for now.

I does not depend on the u.s. dollars/CAD.

Enjoyed the Canada dollar and oil prices rise. On the other hand, own fundamentals such as employment report disappointing point in the other direction.

Bibliography.

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