usdcad
USD/CAD below parity ahead of ISM.
The loonie has reverted its initial trend and is trading below the parity level as the news-rally is hammering the greenback on Wednesday.
Positive PMI data in the euro zone, decent bond auctions and the always-present “we-will-reach-the-deal-tomorrow” in the Greek front are propping up the sentiment.
ADP figures in January came in lower than expected with scarce reaction in the markets. US Jan Manufacturing ISM is due later on (54.5 exp.).
Recall that the Canadian economy has contracted 0.1% in November MoM, below expectations (+0.2%). October’s reading was flat.
well i don't have any idea about this pair but i traded on it and i earned a good profit on it but i am just newbie on it and learning more about this pair to make a good amount of profit.
Usd/Cad is one of the good pair but i am still learning more about this pair because its really complicated to understand about this pair and i am just doing demo practice too to understand this pair.
CADUSD was affwcted by data after Us session, with neutral intraday outlook, little fall is considered as correction. Break of 1.0065 resistance will be the first signal of near term reversal and will turn focus back to 1.0231 resistance.So it seem as end of bearish efforts.