Forex News USD/CAD

[mlawson71]

The pair reached 1.3300 as I thought it would and bounced off from it. Currently it is likely depreciating back towards the low at 1.3240.

 

[mlawson71]

The pair is consolidating around 1.3400 but I think we will see it move further north this week.

 

[mlawson71]

USD/CAD rebounded from 1.3150 after forming a spinning top there on the one-hour time-frame. I think it may rally to 1.3230.

 

[mlawson71]

It reached 1.3230 indeed and the move north will probably continue towards 1.3300.

 

[mlawson71]

The pair dropped after all and is currently back at 1.3200, a break out below that level may lead to 1.3130.

 

[mlawson71]

The move to the downside continues and the pair is testing 1.3170. I have little doubt it will continue depreciating.

 

[Raghu N]

USD/CAD risk reversals flip for puts (bearish bets)

Risk reversals for shorter-old-fashioned USD/CAD options shifted to a put skew this week, suggesting some assert participants expect dollar complaint stuffy term.

As of writing, one-month 25-delta USD/CAD risk reversals are trading in goodwill of -0.25 puts vs 0.35 calls on the subject of Dec. 31. The negative number indicates that implied volatility premium (or demand) for USD/CAD puts is on the depth of that for calls.

A put choice gives the owner the right, but not the obligation, to sell an underlying asset at an extremely price upon or previously a particular date.

How to Get Update Inforation Price Action Analysis Report

 

[mlawson71]

The move south is still developing and the pair will likely soon break out below 1.3100.

 

[mlawson71]

It's still testing 1.3100, I think we'll see a breakout before the end of the week.

 

[mlawson71]

The pair is very bearish and it broke out below 1.3100. I would not be surprised to see it fall all the way to 1.3000 too.

 

[mlawson71]

USD/CAD found some support at 1.3060 but I think it will break out below that level next week.

 

[mlawson71]

It bounced off from that level after all, it looks like it will rally towards 1.3150 after all.

 

[mlawson71]

It's consolidating around 1.3130 but I think it will continue moving north for now.

 

[mlawson71]

USD/CAD is slowly inching downward but the big movement will likely happen on Friday after the NFP.

 

[mlawson71]

USD/CAD is consolidating for now, it may return back to 1.3100.

 

[mlawson71]

The pair is testing 1.3075 and it will probably continue moving to the upside.

 

[mlawson71]

The move south continues after all - next target is likely around 1.3000.

 

[mlawson71]

The move south continues for now but the pair is yet to reach 1.3000.

 

[mlawson71]

USD/CAD found some support at 1.3020 and is currently moving to the upside in a correction. I think it may reach 1.3100.

 

[mlawson71]

The pair continues consolidating between 1.3030 and 1.3080, let's see whether that will end by the end of the week.