News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 0.18% Oil - US Crude: -0.17% Silver: -1.85% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/wCPeDyntMU
  • ECB's De Cos: - Uncertainty remains high in Euro area - Asset purchasing should remain flexible after the pandemic
  • ECB's De Cos: - PEPP should continue as long as the pandemic weighs on the economy - New policy guidance is the first sign of the ECB's willingness to intervene
  • UK PM Boris Johnson set to allow fully vaccinated US and EU tourists to visit England - BBG $GBP $EUR $USD
  • Trader confidence is still brittle, but not quite as poor as it was last week, as the markets wait for Wednesday’s Federal Reserve decision on US monetary policy and a deluge of US corporate earnings. Get your market update from @MartinSEssex here:https://t.co/GZ15ZF8mCu https://t.co/TzAxLYxKVS
  • US #Dollar Outlook: $DXY Plunges into Technical Support Ahead of #FOMC - https://t.co/jZbtAm46KM https://t.co/KYDx13WG6j
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.69%, while traders in Wall Street are at opposite extremes with 71.94%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/nyQhlMbrtS
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: France 40: -0.19% Germany 30: -0.26% FTSE 100: -0.33% Wall Street: -0.67% US 500: -1.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/1p0QdJRrFr
  • RT @RiskReversal: A feisty @macrosetup this week with @GuyAdami and our guest, @DailyFX's @CVecchioFX who was dropping puns like he was the…
  • GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since Jun 16, 2021 when GBP/USD traded near 1.40. A contrarian view of crowd sentiment points to GBP/USD strength. https://www.dailyfx.com/sentiment https://t.co/6IxNIkWji6
USD/CAD Support is Now and 1.3282

USD/CAD Support is Now and 1.3282

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly

USD/CAD Support is Now and 1.3282

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-We left 2016 with the following comment regarding USD/CAD; “a bullish outlook outcome is possible as long as price is within the channel.” The reaction lower after the test of the November high has dropped into support from the channel median line so upside resumption is possible immediately. The other level to be aware of for support is the 12/14 close at 1.3282. Much below there and I’d consider the potential for USD/CAD to fall apart.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES