- The Loonie recovers after going down in front of all of his counterparts.
- Price action remains limited on Friday, USD publishes mixed results.
The USD / CAD it jumped to 1.2606 during the US session, reaching the highest level in two days and then fell back below 1.2600. Near the end of the week, it hovers around 1.2575, modestly bearish for the week.
Price action remains capped on Friday among major currency pairs excluding USD / JPY. USD / CAD is back in the recent familiar range between 1.2600 and 1.2540.
The US dollar posted mixed results on Friday. Rising US yields are offset by an improvement in risk appetite. The Dow Jones gained 0.75% and the Nasdaq 0.80. Commodity bond currencies are being supported by the improvement in sentiment. The CAD is among the weakest, even after a better-than-expected Canadian retail sales report.
Despite Friday’s slide, the loonie remains among the best performers of the week. USD / CAD is trading slightly below the level it was a week ago. “The loonie has been the best performing currency in the G10 this week, possibly benefiting from a delayed reaction to last week’s Bank of Canada meeting (which saw another round of downsizing) after some gains appeared to have gotten in the way. after the meeting ”, explained ING analysts.
Technical levels
USD / CAD
| Panorama | |
|---|---|
| Today’s Last Price | 1.2572 |
| Today’s Daily Change | 0.0009 |
| Today’s Daily Change% | 0.07 |
| Today’s Daily Opening | 1.2563 |
| Trends | |
|---|---|
| SMA of 20 Daily | 1.2484 |
| SMA of 50 Daily | 1.2284 |
| SMA of 100 Daily | 1.2373 |
| 200 SMA Daily | 1.2617 |
| Levels | |
|---|---|
| Daily Previous Maximum | 1.2595 |
| Daily Previous Minimum | 1.2529 |
| Weekly Preview Maximum | 1.2621 |
| Weekly Prior Minimum | 1.2427 |
| Monthly Previous Maximum | 1.2487 |
| Minimum Previous Monthly | 1.2007 |
| Daily Fibonacci 38.2% | 1.257 |
| Daily Fibonacci 61.8% | 1.2554 |
| Daily Pivot Point S1 | 1.253 |
| Daily Pivot Point S2 | 1.2497 |
| Daily Pivot Point S3 | 1.2464 |
| Daily Pivot Point R1 | 1.2595 |
| Daily Pivot Point R2 | 1.2628 |
| Daily Pivot Point R3 | 1.2661 |
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