USDCAD by TradingView
| Tuesday | |||
| Open | High | Low | Close |
| 1.37260 | 1.37520 | 1.36510 | 1.36840 |
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.29% | -40 Pips |  |
||
| Week to-date | -1.14% | -158 Pips | |
||
| March | 0.12% | 17 Pips |  |
||
Upcoming key events (London Time)
Wed 12:30 PM USD Retail Sales (1-mth) Wed 12:30 PM USD Retail Control Group
What happened lately
📆 ☢️ 🇺🇸 USD CPI Inflation Rate excluding Food & Energy sectors (1-mth) in February exceed forecast and rose to 0.5% compared to previous figure 0.4% in January. Source
What can we expect from USDCAD today?
USDCAD on Tuesday dropped -0.29% to 1.36840. Price is below 9-Day EMA while Stochastic is falling in neutral zone.
Updated daily direction for USDCAD looks mixed as the pair is likely to consolidate above 1.36393 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.37520 or trades above daily pivot 1.36957. While to the downside, the daily low of 1.36510 and 1.36393 (S1) as immediate support levels. USDCAD need to break on either side to indicate a short-term bias. A close below 1.36510 would indicate selling pressure.
For the week to-date, take note that USDCAD is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
| R3 | 1.38413 |
| R2 | 1.37967 |
| R1 | 1.37403 |
| Daily Pivot | 1.36957 |
| S1 | 1.36393 |
| S2 | 1.35947 |
| S3 | 1.35383 |
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