Currency pair USD / CAD is again in strong lateral trend
Yesterday's session was pleased especially intraday volatility traders by many and not just dollar pairs.
Exchange rate of USD / CAD during the last days freed from the grip of declining channel. The fact that the rate pair got up to the maximum of two months is likely to lead to its maintenance in the zone of strong S / R levels between the values ??of 0.987 and 1.003. In this area, located at the beginning of the year up to May.
Then followed a prime example of increasing and subsequently decreasing trend channel topped by just punching the upper levels of the descending channel with a side view of the trend, which could be confirmed after the publication of today's and tomorrow's macroeconomic data.Today, for example, will be in 16 hours U.S. sales of newly built houses, at 16.30 Canadian Central Bank report, followed by a press conference at 17:15 and the announcement of U.S. interest rates in 20.15.
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