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Daily USD CAD Technical Analysis 30th November, 2016

Daily USD CAD Technical Analysis 30th November, 2016

USD CAD Technical Analysis 30th November, 2016

Technical Analysis Overview

Prev. Close     1.3432
Open               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)

  1. 6:45pm            USD    ADP Non-Farm Employment Change
  2. 7:00pm            CAD   GDP m/m
  3. 7:00pm            CAD   RMPI m/m
  4. 7:00pm            CAD   IPPI m/m
  5. 7:00pm            USD    Core PCE Price Index m/m
  6. 7:00pm            USD    Personal Spending m/m
  7. 7:00pm            USD    Personal Income m/m
  8. 8:15pm            USD    Chicago PMI
  9. 8:30pm            USD    Pending Home Sales m/m
  10. 9:00pm            USD    Crude Oil Inventories
  11. 10:15pm          USD    FOMC Member Powell Speaks