Invest in alarm clocks
-
USD/CAD Rate Tracks Weekly Range Ahead of Canada Employment Report
USD/CAD may trade in a defined range ahead of the update to Canada’s Employment report as it reverses ahead of the weekly low (1.2761), but the Relative Strength Index (RSI) continues to indicate a larger correction in the exchange rate as it still tracks the upward trend established earlier this year. USD/CAD appears to be stuck in a narrow range after testing the 50-Day SMA (1.2790) for the first time since November, and it remains to be seen if the rebound from the January low (1.2589) will turn out to be an exhaustion in the broader trend rather than a change in market behavior as key themes remain in place, ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Feb 3, 2021 11:16am Feb 3, 2021 11:16am
- Tony112
- Joined Apr 2008 | Status: sometimes... news come unexpected | 2563 Comments
- Comment #2
- Quote
- Feb 3, 2021 11:36am Feb 3, 2021 11:36am
- Botan626
- Joined Sep 2016 | Status: --- | 73 Comments
- Comment #3
- Quote
- Feb 3, 2021 11:39am Feb 3, 2021 11:39am
- Bakker
- Joined Jun 2011 | Status: Member | 3248 Comments
- Comment #4
- Quote
- Feb 3, 2021 11:50am Feb 3, 2021 11:50am
- Bakker
- Joined Jun 2011 | Status: Member | 3248 Comments