USDCAD In a Sharp Down-Trend

Weekly Forex Forecast (January 7 – 11, 2019)
January 6, 2019
Weekly Forex Forecast (January 15 – 19, 2019)
January 13, 2019

USDCAD In a Sharp Down-Trend

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Yesterday I mentioned in weekly Forex forecast, that 1.3354 can’t prevent sellers to not to dig dipper. As we expect this area breaks easily. Tomorrow we have a very important news as Canadian central  bank will decide whether or not raising rates and also will publish the statement that will shows where the economy is  going. That’s important because of sharp falling of oil prices. As we mentioned in beginner’s lessons , Canada is one of the biggest oil exporter of the world and lower oil prices will affect the economic forecasts. If they raise the rates  USDCAD may continue falling. Next support area would be at 1.3165.

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