- The USD / CAD forecast is slightly bola, because the dollar is interrupted until the dollar recovers the country after the training data is.
- The decline in oil prices and rising feet were shredded by Loonie.
- Participants in the Market Market Minus for a meeting and crowd the ways of the USA prehod.
The USD / CAD forecast remains slightly positive as much as the price remains 1,3800 Wednesday, after recovery Tuesday Tuesday is largely guided by the power of dollars on Tuesday.
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The US Consumer Trust Report surprised the markets with a sharp increase to 98.0, which reduced a decline of 5 months. The availability of jobs, revenue perspectives and overall business conditions helped deleted economic fears, overshadow a decline of 6.3% in American goods due to the decline in the demand of the aircraft.
Powerful data helped feelings from American last sustainability and ongoing insecurity in progress. So, improved risk mood used a dollar. Markets are now committed to FOMC meeting meetings, which could offer insight into Fed for future policies today. Moreover, the US Free GDP report and FreakTova Fore PCE are also important for viewing.
Meanwhile, the Canadian dollar remains in sales of pressure due to the softer raw prices of crude oil due to a potential increase in oil in the oil since July. Lower oil prices is very valid on Loonie.
Moreover, the recent Economic Data of Canada called the Canada Bank to facilitate monetary policy as soon as June. Disputes Economic Indicators and Dovish Boc Ton added more to the Bear Tone Loonie.
Thus, the USD / CAD pair is still tilted to upside down, supported by various economic indicators between us and Canada. The Fed Minutes could further increase this divergence if the tone is less to be delivered.
USD / CAD Technical Forecast: Beriish Channel to Popora
The daily shows a strong signal for reversal bakara. However, the downward trend from January remains intact. The 20-day SMA at 1,3878 remains immediate resistance for para. As long as the price remains below it, the risk of examining recent multi-six orders at 1,3695 remains high.
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However, breaking over the 20-day SMA can further intensify the bull pressure and lead to the gathering according to 1.4000. The price remained trapped in the channel bear trend. The interrupted overturning over the resistance channel can confirm the turn for Bullo.
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