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
  • 🇩🇪 Unemployment Rate (JUL) Actual: 5.7% Expected: 5.8% Previous: 5.9% https://www.dailyfx.com/economic-calendar#2021-07-29
  • 🇩🇪 Unemployment Change (JUL) Actual: -91K Expected: -28K Previous: -38K https://www.dailyfx.com/economic-calendar#2021-07-29
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 94.34%, while traders in France 40 are at opposite extremes with 72.28%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/JAiC4NsGWC
  • Heads Up:🇩🇪 Unemployment Rate (JUL) due at 07:55 GMT (15min) Expected: 5.8% Previous: 5.9% https://www.dailyfx.com/economic-calendar#2021-07-29
  • Heads Up:🇩🇪 Unemployment Change (JUL) due at 07:55 GMT (15min) Expected: -28K Previous: -38K https://www.dailyfx.com/economic-calendar#2021-07-29
  • 🇸🇪 GDP Growth Rate YoY Flash (Q2) Actual: 10% Previous: 0% https://www.dailyfx.com/economic-calendar#2021-07-29
  • 🇸🇪 GDP Growth Rate QoQ Flash (Q2) Actual: 0.9% Expected: 0.7% Previous: 0.8% https://www.dailyfx.com/economic-calendar#2021-07-29
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/JOL8rAYFRF
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 1.79% Oil - US Crude: 0.89% Gold: 0.68% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/toLClkhHhi
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.47% 🇨🇦CAD: 0.40% 🇬🇧GBP: 0.33% 🇪🇺EUR: 0.21% 🇨🇭CHF: 0.20% 🇯🇵JPY: 0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/lS2BQ4hFSG
USDCAD Classic Technical Report 09.20.2012

USDCAD Classic Technical Report 09.20.2012

Ilya Spivak, Head Strategist, APAC

Prices are testing above resistance at 0.9751, the 14.6% Fibonacci retracement, to challenge the top of a falling channel set from late July (0.9797). Resistance is reinforced by the 23.6% Fib at 0.9824. A break above the latter boundary targets the 38.2% barrier at 0.9943. Near-term support is at 0.9632.

USDCAD_Classic_Technical_Report_09.20.2012_body_usdcad.png, USDCAD Classic Technical Report 09.20.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

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

DISCLOSURES