हम केवल एक ब्रोकर नहीं हैं। हम एक ऑल-इन-वन ट्रेडिंग इकोसिस्टम हैं—आपको विश्लेषण करने, ट्रेड करने और बढ़ने के लिए जो कुछ भी चाहिए, वह एक ही स्थान पर है। क्या आप अपने ट्रेडिंग को ऊँचा उठाने के लिए तैयार हैं?
FXStreet (Edinburgh) - The US dollar extends the drop vs. its Canadian counterpart on Thursday, sending USD/CAD to lows near 1.2230.
USD/CAD in multi-week lows
The pair is trading in levels last seen in late January around 1.2230, against the backdrop of increasing USD-weakness after Building Permits, Housing Starts and Initial Claims missed consensus today.
In the opinion of strategists at TD Securities, “The USD is overbought and over-loved, making it vulnerable to violent shakeouts on negative data surprises. Indeed, short-term correlation studies indicate that the relationship between DXY and data surprises has tightened in recent weeks. As such, every data release could become magnified”.
USD/CAD levels to watch
At the moment the pair is losing 0.56% at 1.2222 and a breakdown of 1.2100 (psychological level) would aim for 1.2062 (high Jan.19) and then 1.1940 (low Jan.20). On the upside, the initial hurdle lines up at 1.2350 (38.2% of 1.1565-1.2835) ahead of 1.2353 (low Feb.3) and finally 1.2400 (psychological level).