Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/CAD remains weak, Eyes 1.4100 level

• USD/CAD declined on Wednesday    as China and the European Union imposed new trade barriers on U.S. goods, raising concerns about the escalating trade war.

• Trump's 104% tariffs on Chinese goods took effect on Wednesday, leading to a swift response from Beijing with 84% duties on U.S. imports.

• The escalating trade war between the world's two largest economies shook even safe-haven assets like the U.S. dollar and Treasuries, pushing bond yields higher.

• On the economic front, minutes from the Federal Reserve's March policy meeting are expected later today, with the U.S. consumer price inflation report due on Thursday.

•  Immediate resistance is located at 1.4272 (50%fib), any close above will push the pair towards 1.4420(61.8%fib).

• Support is seen at 1.4119 (38.2%fib) and break below could take the pair towards 1.4000(Psychological level).

Recommendation: Good to sell around 1.4200, with stop loss of 1.4350 and target price of 1.4100

Avatar
Krystal Clarke
JOIN US Everybody can earn 250$/h + daily 1K !!! Start now making every month extra $6000-$22000 or more by just doing an easy online work from home. Last month i have earned and received $19650 from this work by giving this only 3 hrs a a day.Every person can now get this work and start earning online by.
For details check ——-⫸ https://Www.HighProfit1.Com/
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
..
.
.
.
.
.
.
.
.
.
.
..
.
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.