USDCAD Analysis
| Tuesday | |||
| Open | High | Low | Close |
| 1.36719 | 1.37373 | 1.36410 | 1.37113 |
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.34% | 46.9 Pips |  |
||
| Week to-date | -0.11% | -15.7 Pips | |
||
| March | 0.49% | 66.2 Pips |  |
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Upcoming key events (London Time)
Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate) Wed 06:00 PM USD FOMC Monetary Policy Statement Wed 06:30 PM USD FOMC Press Conference
What happened lately
No major activities.
What can we expect from USDCAD today?
USDCAD on Tuesday rose 0.34% to 1.37113. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for USDCAD looks mixed as the pair is likely to consolidate above 1.36558 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.37373 or trades above daily pivot 1.36965. While to the downside, the daily low of 1.36410 and 1.36558 (S1) as immediate support levels. USDCAD need to break on either side to indicate a short-term bias. A break above 1.37373 would suggest bullish bias after recent positive movement.
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 | 1.38484 |
| R2 | 1.37928 |
| R1 | 1.37521 |
| Daily Pivot | 1.36965 |
| S1 | 1.36558 |
| S2 | 1.36002 |
| S3 | 1.35595 |
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