এখন থেকে আমরা Elev8

আমরা শুধুমাত্র একটি ব্রোকার নই। আমরা একটি সর্বাত্মক ট্রেডিং ইকোসিস্টেম—বিশ্লেষণ, ট্রেড, এবং প্রবৃদ্ধির জন্য আপনার যা কিছু প্রয়োজন তা এক জায়গায়। আপনার ট্রেডিং উন্নত করতে প্রস্তুত?

USD/CAD dips below 1.2230

FXStreet (Edinburgh) - The US dollar extends the drop vs. its Canadian counterpart on Thursday, sending USD/CAD to lows near 1.2230.

USD/CAD in multi-week lows

The pair is trading in levels last seen in late January around 1.2230, against the backdrop of increasing USD-weakness after Building Permits, Housing Starts and Initial Claims missed consensus today.

In the opinion of strategists at TD Securities, “The USD is overbought and over-loved, making it vulnerable to violent shakeouts on negative data surprises. Indeed, short-term correlation studies indicate that the relationship between DXY and data surprises has tightened in recent weeks. As such, every data release could become magnified”.

USD/CAD levels to watch

At the moment the pair is losing 0.56% at 1.2222 and a breakdown of 1.2100 (psychological level) would aim for 1.2062 (high Jan.19) and then 1.1940 (low Jan.20). On the upside, the initial hurdle lines up at 1.2350 (38.2% of 1.1565-1.2835) ahead of 1.2353 (low Feb.3) and finally 1.2400 (psychological level).

EUR/USD might see further gains above 1.0755 – FXStreet

With EUR/USD having boosted by the soft US data, Valeria Bednarik, Chief Analyst at FXStreet, notes 4H technicals suggest further gains might be seen in the pair on a break above 1.0755.
আরও পড়ুন Previous

United States Philadelphia Fed Manufacturing Survey registered at 7.5 above expectations (6) in April

আরও পড়ুন Next