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Daily USD CAD Technical Analysis 17th November, 2016

USD CAD Technical Analysis

USD CAD Technical Analysis 17th November, 2016

Technical Analysis Overview:

Prev. Close 1.3447
Open 1.3447
Day’s Range 1.3420 – 1.3447
52 wk Range 1.2458 – 1.4692
1-Year Return 0.85%

Technical Support and Resistance:

Daily USD CAD Technical analysis shows USD/CAD pair may find the immediate support at 1.3433. If, market breaks the first support then it will go for the following support to test. Following supports are 1.3424 and 1.3414. On the other side the market has immediate resistance 1.3453. If, market breaks the primary resistance level then, market will go for the new resistance level 1.3462 and 1.3472.

Along with technical analysis following economic event are very important to analyze the financial market properly.

Upcoming Important Economic News: (GMT +3)

1. USD Unemployment Claims
2. USD Housing Starts
3. USD Fed Chair Yellen Testifies
4. USD Natural Gas Storage
5. CAD BOC Review
6. CAD Foreign Securities Purchases

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