- The EXISTING HOME SALES DATA for USD is due out today. CPI DATA for CAD will also be released. It's a very HIGH IMPACT NEWS. So USDCAD VOLATILE can be for this reason.
- DXY currently stands at 100.738 LEVEL. USD has become STRONG in the last few days. Yesterday BUILDING PERMITS DATA caused USD STRONG. Also, the CAD FEATURE is slightly up to 0.7943 LEVEL. However, CAD is becoming STRONG relative to DXY due to OIL UP. But today's CAD CPI DATA will definitely move the USDCAD PRICE to DYNAMIC S / R LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is being POSITIVE. Yesterday a RISK ON TONE was PLAY. STOCKS Somewhat showing a NEUTRAL BIAS at the moment. And VOLATILITY is DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. There is a NEUTRAL BIAS currently on the market. It's a bit more than the UP SIDE BIAS. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN. But according to the data we have received so far we can say that MARKETS RISK is turning ON.
- OIL PRICE is currently down a bit. It will inevitably affect CAD. But TECHNICALLY USDCAD can go to the SELL a bit faster in the next few days because a SUPPORT has a PRICE and RISK ON.
- USDCAD PRICE can be DOWN to 1.2526 LEVEL before UP. Then the USDCAD PRICE can be UP again up to 1.2685 LEVEL. The USD may be slightly WEAK in the coming days due to the MARKET SENTIMENT. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD.
- DXY currently stands at 100.738 LEVEL. USD has become STRONG in the last few days. Yesterday BUILDING PERMITS DATA caused USD STRONG. Also, the CAD FEATURE is slightly up to 0.7943 LEVEL. However, CAD is becoming STRONG relative to DXY due to OIL UP. But today's CAD CPI DATA will definitely move the USDCAD PRICE to DYNAMIC S / R LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is being POSITIVE. Yesterday a RISK ON TONE was PLAY. STOCKS Somewhat showing a NEUTRAL BIAS at the moment. And VOLATILITY is DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. There is a NEUTRAL BIAS currently on the market. It's a bit more than the UP SIDE BIAS. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN. But according to the data we have received so far we can say that MARKETS RISK is turning ON.
- OIL PRICE is currently down a bit. It will inevitably affect CAD. But TECHNICALLY USDCAD can go to the SELL a bit faster in the next few days because a SUPPORT has a PRICE and RISK ON.
- USDCAD PRICE can be DOWN to 1.2526 LEVEL before UP. Then the USDCAD PRICE can be UP again up to 1.2685 LEVEL. The USD may be slightly WEAK in the coming days due to the MARKET SENTIMENT. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD.