USD CAD Technical Analysis 30th November, 2016
Technical Analysis Overview
Prev. Close 1.3432
Day’s Range 1.3421 – 1.3451
52 wk Range 1.2458 – 1.4692
1-Year Return +0.54%
Technical Support and Resistance
We can see in USD CAD technical analysis and fundamental reports that USD/CAD pair is still getting stronger. Today expected USD CAD market range is 1.3421 – 1.3451.
We see in daily USD CAD Technical analysis chart that USD/CAD pair may find the immediate support at 1.3404. If, market breaks the first support then it will go for the following support to test. Following supports are 1.3384 and 1.3352. On the other side the market has immediate resistance 1.3468. If, market breaks the primary resistance level then, market will go for the new resistance level 1.3488 and 1.3520.
Today USD CAD pair traders are waiting for the OPEC meetings and discussions data releases which has been scheduled for today again. Trades are looking forward to the oil price changes and the new deal.
Along with technical analysis following economic event is very important to analyze the financial market properly.
Upcoming Important Economic News: (GMT +5.30)
- 6:45pm USD ADP Non-Farm Employment Change
- 7:00pm CAD GDP m/m
- 7:00pm CAD RMPI m/m
- 7:00pm CAD IPPI m/m
- 7:00pm USD Core PCE Price Index m/m
- 7:00pm USD Personal Spending m/m
- 7:00pm USD Personal Income m/m
- 8:15pm USD Chicago PMI
- 8:30pm USD Pending Home Sales m/m
- 9:00pm USD Crude Oil Inventories
- 10:15pm USD FOMC Member Powell Speaks