24 Mar 2014
USD/CAD down -0.06% on the day ahead of US Manu PMI
FXStreet (Barcelona) - With USD/CAD making a daily high and low at 1.1248 and 1.1206 respectively, spot is currently trading at 1.1215, down -0.06% on the day so far.
With a quiet economic calendar today, USD/CAD has been quite passive, and happy to range. Datawise, we have US Markit Manufacturing PMI ahead at 13:45 GMT, with expectations of a Monthly decline from 57.1 to 56.5.
USD/CAD technical summary
Daily RSI sits at 62.03, in neutral territory. Meanwhile, 2-Standard Deviation Volatility Bandwidth is at 249 pips and expanding on a daily chart. 13:00-14:00 GMT was the most volatile hour of the day, judging by the average hourly movement of 15 pips over the past four weeks.
What are today’s USD/CAD pivot levels?
The daily pivot can be found at 1.1215, with support below at S1 1.1213, S2 1.1211 and S3 1.1209, and resistance above at R1 1.1217, R2 1.1219, and R3 1.1221. Further, we can see a hammer like candlestick formation on the monthly chart.
With a quiet economic calendar today, USD/CAD has been quite passive, and happy to range. Datawise, we have US Markit Manufacturing PMI ahead at 13:45 GMT, with expectations of a Monthly decline from 57.1 to 56.5.
USD/CAD technical summary
Daily RSI sits at 62.03, in neutral territory. Meanwhile, 2-Standard Deviation Volatility Bandwidth is at 249 pips and expanding on a daily chart. 13:00-14:00 GMT was the most volatile hour of the day, judging by the average hourly movement of 15 pips over the past four weeks.
What are today’s USD/CAD pivot levels?
The daily pivot can be found at 1.1215, with support below at S1 1.1213, S2 1.1211 and S3 1.1209, and resistance above at R1 1.1217, R2 1.1219, and R3 1.1221. Further, we can see a hammer like candlestick formation on the monthly chart.