www.varchev.com

USD / CAD - In the short term, buyers are ready to test 1.33

Rating:

12345
Loading...

Oil declines by 1.2% on opening, leading the price dropping to $ 52, which helped the USD to keep it stable against CAD, despite the solid Canadian jobs report released on Friday. Buyers remain in control in the short term and look ready for a test at 1.33 before the start of the European session. For now the highest values ​​for the day touched 1.3297.

Looking ahead, the couple will be influenced by the risky sentiment this week, with US - Chinese trade negotiations again being a major focus. This will affect the cross on two fronts, oil price movements and risky moods.

The fall in the cross on Friday after the job report showed that the main support is the 100-day MA (red line) place that can be considered a good area for buyers to continue building long positions. As the price stays above this level, the upward impulse should remain unchanged.

The main resistance is now around 1.3320-30 from late November to early December, with further resistance at 1.3360.


 Trader Georgi Bozhidarov

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy