News

USDCAD finds temporary support

02/01/2018

While the rest of the markets were hypnotised by the thrill ride that is Bitcoin (currently at $13,800 after bouncing between $10,700 & $19,400), the USDCAD ended 2017 looking a little unloved. The Make Capital 4-hour chart shows a fairly clear downtrend, although it should be borne in mind that this only equates to 3 cents, so it perhaps looks a little more dramatic than is really the case. Still, we've not been here for a couple of months and Bears will undoubtedly put the pressure on those buying at these levels. Although there has been some buying here, the charts do not make encouraging reading for USDCAD Bulls.

Share this news

Related posts

Economic 2019-07-31_FOMC.png

Countdown to FOMC on 31st of July

31/07/2019

Market expects 0.25% rate cut on 31st of July 2019

Read more
Calendar Calendar.jpg (1)

The week ahead 15.07.2019

15/07/2019

Upcoming releases next week

Read more
Stock Market US stock-exchange.jpg

Stock market rally

10/07/2019

Stock market rally after Powell transcript

Read more
Forex News yen.jpg

Dollar Yen breaks lower

24/05/2019

Dollar Yen breaks lower

Read more