Today the Bank of England will announce its statement at 15:00 MT time. Although it’s hard to imagine positive comments for the GBP, anything can happen.
Tag - cad - canadian dollar
The economic calendar is full of events: FOMC Statement, British and Canadian CPI, New Zealand GDP…
On the daily chart of USD/CAD, the implementation of the "Bat" and AB=CD patterns continues.
Trade ideas on December 17-21
USD/CAD has reached resistance of June highs around 1.3386. It briefly tested levels above this point, but then returned lower.
On the daily chart of USD/CAD, the pair reached the 113% target of the "Shark" pattern.
NFP, Canadian job data, OPEC Meetings...
Canada is awaiting the release of its trade balance at 15:30 MT time…
NZD/CAD approached the resistance line connecting 2017 and 2018 highs (0.9280) and 78.6% Fibo level (0.9260).
Get clues on the trading on December 5
On the daily chart of USD/CAD, the targets of "Shark" (88.6%) and "Wolfe Waves" patterns were implemented.
The pair closed below the trendline support line on Monday. MACD is declining.