- Price / CAD price analysis shows a decline in volatility after recent global trade development.
- The risk of recession could push fed to reduce interest rates.
- Canada will publish crucial inflation data today.
The USD / CAD pricing analysis shows a decline in volatility as peaceful returns to markets after recent global trade development. The dollar fell down his fall after Trump released some import from recent tariffs. Meanwhile, the Canadian dollar held near recent peaks because market participants were expected crucial inflation data from Canada.
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The restlessness and instability affected most global markets on Tuesday was spent on Tuesday. The traders paused to reflect the implications of Trump tariffs. The policy of the creator Monday noted that the risk of the recession could push fed to reduce interest rates despite high inflation.
The dollar paused his recent collapse after Trump released smartphones and computers from imported tariffs. That move brought a little relief to American property. However, the current trade war between China and the US will keep the risk of appetite low.
Meanwhile, traders are looking forward to selling US sales data for more traces in the future Fed strokes. On the other hand, Canada will publish crucial inflation data today. Economists expect a monthly digit of inflation to facilitate 1.1% to 0.7%. An assassination report will lower expectations to reduce Canada speed. This would support breaks for a break this week. Meanwhile, a soft report can increase installments from installments, hurt Loonie.
Today is key events USD / CAD
- Canada CPI M / M
- Canada Median CPI I / I
- Canada TrenMed CPI I / I
USD / CAD Technical price Analysis: Bears Pause for breathing on 1,618 FIB extension
On the technical page, the USD / CAD price remained in consolidation near a solid support zone. However, it trades far below 30th, which shows the bears are in lead. At the same time, RSI trades near resale region, indicating a solid bear swing.
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The bears met a solid support zone containing 1,618 FIB extension and 1,3802 level support. After the steep fall, the price paused as it is caught. However, while the price began to move aside, RSI climbs, showing bears lose money.
Therefore, USD / CAD could retire soon to reset 30ths. However, the reductions of racing will continue if the SMA is holding the company and the price is bouncing lower. Pause below 1,3802 will strengthen the bear bias.
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