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Alert - 14:45 (CET) - UsdCad
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The UsdCad is trading at 1.2824, ranging between 1.2705 and 1.2942. On the other hand, the price is over yesterday's close at 1.2775. Checking the hourly graphics, we see that the 20- and 50-day EMA are over the 200-day EMA.
Os traders estão a contemplar as resistências a 1.3000 (chave), 1.3365 (máximo de 1 de Julho de 2004) e 1.3788 (máximo de 17 de Junho de 2004). Por sua vez, estão a vigiar os suportes a 1.2432 (mínimo de 23 de Outubro de 2008), 1.2121 (mínimo de 22 de Outubro) e 1.1775 (mínimo de 17 de Outubro).
This session, the Dollar is continuing its advance against the Loonie. Apart from the global Dollar demand, the Loonie has been losing ground as the crude barrell price is dropping under 60 dollars.
Canada has the largest oil reserves in the World, but the extraction cost is higher than Saudi Arabia's. So, the swings in the crude price have a big impact on the loonie.
Meanwhile, the 60-minute RSI is at 56 points, after being very overbought. The volatility per hour could reach 260 pips. Checking the daily graphics, the current price is over the 50.00% (1.2589) and under the 61.80% (1.3422) Fibonacci retracements.
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