Canadian Dollar Update August 14, 2018
USD/CAD Open: 1.3083-1.3084 Overnight Range: 1.3071-1.3137
The Canadian dollar was rangebound in overnight currency exchange markets. Oil is at $68.32 and gold is at $1,203. US markets are higher. There are no releases scheduled for today’s session.
The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3153. Support is at 1.3054.
The Canadian dollar is higher this morning, the top performer in the G10 space. Risk appetite is greater, and this change in sentiment is buoying CAD. Oil is also firmer, providing additional support. Conversely, safe-haven currencies are lower today. There are no additional data releases scheduled for today.
Today’s Suggested Range USD/CAD: 1.3050 – 1.3150
Sincerely,
Rahim Madhavji | Knightsbridge Foreign Exchange | Toll-Free: 1-877-355-5239
www.knightsbridgefx.com
Knightsbridge Foreign Exchange has based the opinions expressed herein on information generally available to the public. Knightsbridge Foreign Exchange makes no warranty concerning the accuracy of this information and specifically disclaims any liability for trading decisions based on the opinions expressed and information contained herein. Such information and opinions are for general information only and are not intended to present advice with respect to matters reviewed and commented upon.
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By Admin | August 14, 2018 | Daily Update |
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