Do you want to get clues on the most important economic events this week?
Tag - cad - canadian dollar
The market is likely going to reach the next resistance area at 1.3374 - 1.3385. If a pullback from these levels happens little later on...
Let's check how to trade USD/CAD and CAD/JPY.
Canada's jobs data is expected on February 8, at 15:30 MT time.
USD/CAD found support at the 2018 trendline and the 50-week MA in the 1.3080 area.
If you want to make a bet on the positive risk sentiment, you can consider buying CAD/JPY.
This week is highlighted by the rate decisions by the Bank of England and the Reserve Bank of Australia. What else will happen in the market?
Let’s consider the most important events for the upcoming days.
USD/CAD has reached the target at 1.3115 we’ve given earlier this week.
Watch the analysis of AUD/USD and USD/CAD for today
The level of GDP for Canada is going to be released at 15:30 MT time.
Traders are eager to sell the USD on its attempts to recover.