The bearish development in USD / CAD will proceed for now (see “Fundamental Analysis and Market Expectations”).
In this evaluation, on the one hand, there are expectations of accelerated development of the American financial system and the Fed’s delicate coverage, and on the opposite, accelerated inflation in the US and the expansion of federal debt, given the brand new gigantic infrastructure spending.
Assist ranges: 1.2591, 1.2576, 1.2460, 1.2365, 1.2170
Resistance ranges: 1.2615, 1.2636, 1.2660, 1.2740, 1.2820, 1.2925, 1.2990, 1.3040, 1.3110
Buying and selling situations
Promote Cease 1.2570. Cease-Loss 1.2625. Take-Revenue 1.2500, 1.2460, 1.2365, 1.2170
Purchase Cease 1.2625. Cease-Loss 1.2570. Take-Revenue 1.2636, 1.2660, 1.2740, 1.2820, 1.2925, 1.2990, 1.3040, 1.3110
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**) USD/CAD: Current Fundamental Analysis and Market Expectations
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