Thursday , May 6 2021

USD / CAD trudging close to 1.3350 as Loonie traders are waiting for BoC in the middle of the week



  • Loonie has further declined by lowering the oil market.
  • This week is seen by the Canadian National Bank and the highly anticipated course development of the US Fed.

The USD / CAD pairing sees a steady performance close to 1.3380 when Loonie traders remained irregular last week when the pair was mated to 1.3350 when a limited margin of 1.3300 in the previous week opened.

Investor confidence in risk issues as traders fear the slowdown in the world economy and the weak oil price sees the Canadian dollar sticking low against the dollar; The US dollar has closed higher Looni for the last eight eleven direct trading a week, and it closes straight to two and loses just a reasonable one week. As the Canadian dollar shares its fate with oil prices, the crumbling energy market weakens CAD, as oil prices remain limited recently.

The Economic Calendar is a fair and silent show in the early part of this week with regard to USD / CAD integration, but will start on Wednesday when the Consumer Price Index of the Canadian National Bank (NCC) calculates the US Federal Reserve's Political Report, interest rate decision and FOMC's economic forecasts. The US Central Bank is expected to generally attract interest rates in 2018.

USD / CAD technical levels

USD / CAD

Overview:
Today Last price: 1.3379
Today Daily change: -1.0 points
Today Daily change%: -0.00747%
Today every day Open: 1.338
Trends:
Previous Daily SMA20: 1.3298
Previous Daily SMA50: 1.3178
Previous Daily SMA100: 1.3098
Previous Daily SMA200: 1.3028
levels:
Past Daily High: 1.3402
Previous daily low: 1.3347
Previous Weekly High: 1.3424
The last week lowest: 1.3292
Previous Monthly High: 1.336
Previous month low: 1.3048
Previous Daily Fibonacci 38.2%: 1.3381
Previous Daily Fibonacci 61.8%: 1.3368
Previous daily pivot point S1: 1.3351
Previous Daily Swing Point S2: 1.3321
Previous daily pivot point S3: 1.3295
Previous daytime Pivot Point R1: 1.3406
Previous Daily Pivot Point R2: 1.3432
Previous Daily Pivot Point R3: 1.3461


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