The major trend of USD/CAD is bullish. Prices has given a
breakout of the rising trendline & sustaining above the breakout level we
can expect it to continue its ongoing trend for today also. If USD/CAD breaks
the level of 1.2000 at upside we can
expect it to test the level of 1.2020/1.2050. RSI is also sustaining in
buying territory supporting the ongoing
trend. MACD line is also sustaining above the zero line,indicating the
up trend in the market.
APPLY THIS STRATEGY!!
USD/CAD is
successfully sustaining on higher level & looking further bullish on charts. One can go for buy
on dips strategy for this pair for intra
day to mid term positions.
TODAY's ECONOMIC EVENTS
| Date | Time (GMT) | Currency | Economic Data | Forecast | Previous |
| WED JAN 14th | Tentative | EUR | European Court of Justice Ruling | ||
| 2015 | Tentative | EUR | German 10-y Bond Auction | 0.74|1.1 | |
| 1:30pm | USD | Core Retail Sales m/m | 0.10% | 0.50% | |
| USD | Retail Sales m/m | 0.20% | 0.70% | ||
| USD | Import Prices m/m | -2.70% | -1.50% | ||
| 2:15pm | GBP | BOE Gov Carney Speaks | |||
| 3:00pm | USD | Business Inventories m/m | 0.20% | 0.20% | |
| 3:30pm | USD | Crude Oil Inventories | 1.2M | -3.1M | |
| 11:50pm | JPY | Core Machinery Orders m/m | 4.80% | -6.40% |
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