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.

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
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • 🇫🇷 Inflation Rate YoY Prel (NOV) Actual: 0.2% Expected: 0.1% Previous: 0% https://www.dailyfx.com/economic-calendar#2020-11-27
  • Heads Up:🇹🇼 GDP Growth Rate YoY Final (Q3) due at 08:00 GMT (15min) Previous: -0.58% https://www.dailyfx.com/economic-calendar#2020-11-27
  • Heads Up:🇭🇺 Unemployment Rate (OCT) due at 08:00 GMT (15min) Previous: 4.4% https://www.dailyfx.com/economic-calendar#2020-11-27
  • Heads Up:🇦🇹 GDP Growth Rate QoQ Final (Q3) due at 08:00 GMT (15min) Expected: 11.1% Previous: -12.1% https://www.dailyfx.com/economic-calendar#2020-11-27
  • Heads Up:🇦🇹 GDP Growth Rate YoY Final (Q3) due at 08:00 GMT (15min) Expected: -5.3% Previous: -14.5% https://www.dailyfx.com/economic-calendar#2020-11-27
  • EUR/USD at Risk as ECB Signals Recalibration of Monetary Policy Tools - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2020/11/27/EURUSD-at-Risk-as-ECB-Signals-Recalibration-of-Monetary-Policy-Tools-.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $EUR $EURUSD https://t.co/w6VMHUZcHo
  • Heads Up:🇫🇷 Inflation Rate YoY Prel (NOV) due at 07:45 GMT (15min) Expected: 0.1% Previous: 0% https://www.dailyfx.com/economic-calendar#2020-11-27
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here: https://t.co/ZJOEtpGUIq https://t.co/LVjSMWI7X2
  • Heads Up:🇬🇧 Nationwide Housing Prices YoY (NOV) due at 07:00 GMT (15min) Expected: 5.4% Previous: 5.8% https://www.dailyfx.com/economic-calendar#2020-11-27
  • What are some factors impacting Euro’s forecast this quarter? Get your free forecast here: https://t.co/kpBYVz31Bd https://t.co/dRmLKUEaAM
USD/CAD Channel Breakdown Underway

USD/CAD Channel Breakdown Underway

2017-01-12 19:13:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

USD/CAD Channel Breakdown Underway

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“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.” USD/CAD has broken the May-August trendline. Risk is lower whilst below the 1/11 high of 1.3293.

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

DISCLOSURES