Categories
Forex

USDCAD on Thursday rose 0.04% to 1.35980. What we know.

USDCAD on Thursday rose 0.04% to 1.35980. What we know.

USDCAD Analysis

Performance after Thursday
Period Pct Chg Momentum
Thursday 0.04% 5.4 Pips
Week to-date 0.79% 107 Pips
December 0.28% 38.5 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Nonfarm Payroll Employment
Fri 03:00 PM USD Michigan Index of Consumer Sentiment

What happened lately

๐Ÿ‡บ๐Ÿ‡ธ U.S. Challenger Job Cuts in November rose to 45.51K compared to previous figure 36.836K in October
๐Ÿ‡จ๐Ÿ‡ฆ Canada Bank of Canada Policy Interest Rate unchanged at 5% compared to previous rate 5% Source: Bank of Canada
๐Ÿ‡จ๐Ÿ‡ฆ Canada Ivey Purchasing Managers Index seasonal adjustment in November exceed forecast and rose to 54.7 compared to previous figure 53.4 in October
๐Ÿ‡จ๐Ÿ‡ฆ Canada Ivey Purchasing Managers Index in November rose to 53.2 compared to previous figure 51.9 in October
๐Ÿ‡บ๐Ÿ‡ธ U.S. Nonfarm Business Labor Productivity in Q3 exceed forecast and rose to 5.2% compared to previous figure 4.7% in Q2 Source: Bureau of Labor Statistics

Latest from X (Twitter)


What can we expect from USDCAD today?

USDCAD on Thursday rose 0.04% to 1.35980. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCAD looks bullish as the pair ended higher after Thursday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 1.36185 with break above could target R2 at 1.36391 or figure level area. While towards the downside, we are looking at daily low of 1.35790 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.36193 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCAD is mixed as compared to the prior week.

Key levels to watch out:

R3 1.36588
R2 1.36391
R1 1.36185
Daily Pivot 1.35988
S1 1.35782
S2 1.35585
S3 1.35379

Leave a Reply

Your email address will not be published. Required fields are marked *