USDCAD continues to trade weak for 3rd consecutive days and lost more than 200 pips from a high of 1.36000 on broad-based US dollar selling and the bullish crude oil prices. The Canadian CPI came at 0.7% from a year ago vs 0.4% in May and Core inflation edged higher to 0.4% compared to previous -0.1%. The pair hits an intraday low of 1.3399 and is currently trading around 1.34039.
WTI Crude oil declined slightly till $41.22 on a slight increase in US crude inventory. It hits a high of $42.45 and is currently trading around $41.77.
Technically, the pair is facing strong support at 1.3380. A dip till 1.3350/1.3315. The near term resistance is at 1.3460, an indicative break beyond will take the pair to the next level till 1.3500/1.3580/1.3635.
It is good to sell on rallies around 1.3448-50 with SL around 1.3480 for the TP of 1.3320.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
اترك رسالتك الآن