- The USD / CAD pricing price analysis shows the continuation of the Dollar weakness.
- Trump’s voter fed speculation speculation in the future of several breezes.
- The market participants awaiting employment data from Canada.
Price / CAD price analysis shows the continuation of the dollar weakness after Trump Black for the Governor Hand hinted at a larger time in the central bank. At the same time, the data on employment for PADA was added to the expectations of reducing the feed rate rate.
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Trump chose Stephen Mirana to temporarily hold a recent vacancy in Fed. His choice raised speculations about more goodbye choices in the future. At the same time, it raised concern over the independence of the Federal Reserve after Powell’s term. Experts believe that it will be less independent fed.
“In many ways, it increases what we already knew, which we now look at much more political ferrets and much less independent feed,” Michael Brown, Senior Research Strategist in Pepperstone said.
“We all expect FOMC September and any meeting that will be encouraged to reduce the president,” said the president, “said the president,” said the president asked, “Brown said.” Said brown.
Meanwhile, there was further pressure on the dollar after the jump in American unemployment claims. The market participants now expect employment data from Canada.
Today is key events USD / CAD
- Change of employment in Canada
- Unemployment rate in Canada
Technical price Analysis USD / CAD Technical price: Bears Weigh you to separate from the 1,3750 key level
On the Technical Page, USD / CAD price has been discontinued below support level 1.3750 after a recent shift in feelings. Initially, the price constantly climbed in the steep ascending decision until it reaches the level of resilience at 1,3875. There was a sudden shift here in feeling because the price was formed a large bear sample of candlesticks.
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Moreover, it lasted to break under 30th, which showed bears that they took advantage. However, from the break, the price remained mainly attached to SMA. It shows that bears have not yet found their submission. To do this, they must separate from the key level of 1,3750.
When this happens, the price will probably begin to make lower premium and lower, confirming the fall. Moreover, it will allow USD / CAD to fall to the support level for 1,3575.
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