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
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here: https://t.co/MZtBh88nOv https://t.co/i8myMnEZlE
  • Heads Up:🇨🇳 Caixin Services PMI (NOV) due at 01:45 GMT (15min) Previous: 56.8 https://www.dailyfx.com/economic-calendar#2020-12-03
  • Heads Up:🇨🇳 Caixin Composite PMI (NOV) due at 01:45 GMT (15min) Previous: 55.7 https://www.dailyfx.com/economic-calendar#2020-12-03
  • Heads Up:🇯🇵 BoJ Suzuki Speech due at 01:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-12-03
  • RT @FxWestwater: $AUDNZD Bounces but Incoming Death Cross May Keep Outlook Bearish Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/12/03/AUDNZD-Bounces-but-Incoming-Death-Cross-May-Keep-Outlook-Bearish.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr #AUD #NZD https://t.co/X0…
  • 🇦🇺 Balance of Trade (OCT) Actual: A$7.456B Expected: A$5.8B Previous: A$5.815B https://www.dailyfx.com/economic-calendar#2020-12-03
  • 🇦🇺 Investment Lending for Homes (OCT) Actual: 0.3% Previous: 5.2% https://www.dailyfx.com/economic-calendar#2020-12-03
  • 🇦🇺 Home Loans MoM (OCT) Actual: 0.8% Previous: 6.0% https://www.dailyfx.com/economic-calendar#2020-12-03
  • 🇦🇺 Balance of Trade (OCT) Actual: A$7456M Expected: A$5.8B Previous: A$5.630B https://www.dailyfx.com/economic-calendar#2020-12-03
  • 5 out of 9 Dow sectors closed in the green, with 73.3% of the index’s constituents ending higher. Energy (+2.77%), communication services (+2.36%) and industrials (+1.91%) leading, whereas information technology (-1.98%) and consumer discretionary (-1.69%) were lagging. https://t.co/kSUXT3woKi
USD/CAD Classical Technical Report 01.06

USD/CAD Classical Technical Report 01.06

2012-01-06 06:57:00
Joel Kruger, Technical Strategist
Share:
Daily_Classical_USDCAD_body_cad2.png, USD/CAD Classical Technical Report 01.06

USD/CAD: Our constructive outlook remains intact with the market consolidating above parity ahead of an eventual retest of the key October highs by 1.0660. From here, look for any interday pullbacks to be very well supported above 1.0000 on a daily close basis, in favor of an eventual break and fresh upside extension beyond 1.0660. Initial resistance comes in at 1.0425. Back above 1.0660 open a fresh upside extension towards 1.1000. Ultimately, only back below 0.9900 would give reason for concern.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

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

DISCLOSURES