29 Apr 2014
USD/CAD extends decline below 1.100
FXStreet (London) - Following its sharp decline this morning, USD/CAD remains firmly below the much watched 1.100 mark and continues to extend lower.
Trading at a low since April 14th earlier this month at 1.0955, the pair is down 0.60% on the day. The main data of the day has been US Consumer Confidence which came in at 82.3 against forecasts of 83 and 83.9 previous. Ahead, BoC Governor Poloz is due to speak at 19:30 GMT.
USD/CAD Technicals
Currently RSI is at 32.71, down from the last hourly print at 45.88, with ADX at 33.78, up from its previous close at 17.04. Looking to a daily chart, we see that RSI is neutral at 50.71. On the hourly USD/CAD chart, the 200 SMA is climbing and currently at 1.1022, up from the previous hour close at 1.1021. Over the past 20 days, the exponential average closing price is 1.1020, and ranging.
USD/CAD Volatility shirinking?
The hourly USD/CAD chart is showing the 2-Standard Deviation Volatility Bandwidth is at 16 pips and shrinking, while the ATR (14) is currently at 10 pips. 2-Standard Deviation Volatility Bandwidth is at 169 pips and shrinking on a daily chart. Over the last four weeks, the average movement for the present session has been 10 pips per hour. Following the four week period average, today’s most volatile hour was between 13:00-14:00 GMT which has an average movement of 16 pips.
USD/CAD Levels
Current price is 1.0959, with resistance ahead at 1.0960 (Daily 100 SMA), 1.0973 (Weekly Classic S2), 1.0987 (Daily Classic S3), 1.1000 (Daily Classic S2) and 1.1006 (Weekly Classic S1). Below, we can see support at 1.0955 (Daily Low), 1.0948 (Weekly Classic S3), 1.0879 (Monthly Low), 1.0684 (Daily 200 SMA) and 1.0639 (YTD Low).
Trading at a low since April 14th earlier this month at 1.0955, the pair is down 0.60% on the day. The main data of the day has been US Consumer Confidence which came in at 82.3 against forecasts of 83 and 83.9 previous. Ahead, BoC Governor Poloz is due to speak at 19:30 GMT.
USD/CAD Technicals
Currently RSI is at 32.71, down from the last hourly print at 45.88, with ADX at 33.78, up from its previous close at 17.04. Looking to a daily chart, we see that RSI is neutral at 50.71. On the hourly USD/CAD chart, the 200 SMA is climbing and currently at 1.1022, up from the previous hour close at 1.1021. Over the past 20 days, the exponential average closing price is 1.1020, and ranging.
USD/CAD Volatility shirinking?
The hourly USD/CAD chart is showing the 2-Standard Deviation Volatility Bandwidth is at 16 pips and shrinking, while the ATR (14) is currently at 10 pips. 2-Standard Deviation Volatility Bandwidth is at 169 pips and shrinking on a daily chart. Over the last four weeks, the average movement for the present session has been 10 pips per hour. Following the four week period average, today’s most volatile hour was between 13:00-14:00 GMT which has an average movement of 16 pips.
USD/CAD Levels
Current price is 1.0959, with resistance ahead at 1.0960 (Daily 100 SMA), 1.0973 (Weekly Classic S2), 1.0987 (Daily Classic S3), 1.1000 (Daily Classic S2) and 1.1006 (Weekly Classic S1). Below, we can see support at 1.0955 (Daily Low), 1.0948 (Weekly Classic S3), 1.0879 (Monthly Low), 1.0684 (Daily 200 SMA) and 1.0639 (YTD Low).