USD/CAD
Yesterday
the pair broke through the important support level of 1.3200 and today continued
the downward movement and lost 0.5%. The
Canadian dollar is now in a very favorable position: the US dollar is falling
across the market, oil is becoming more expensive, and the regulator gives
the hope again of tightening monetary policy.
EUR/USD
Forex
traders much more prefer to react to good news on euro than to bad ones. The
euro against the dollar appreciably increased, but continues to remain within
the limits of the long-term range. However,
the picture on euro is positive, and good support has been formed in the 1.1200-50. the week closure above 1.13 will improve the technical prospects of the pair.
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