FX Value Motion WebinarThe low volatility backdrop continues through the FX market as ranges are tighteni
FX Value Motion Webinar
The low volatility backdrop continues through the FX market as ranges are tightening additional and various congestion setups stay throughout main pairs. One of the more evident illustrations of this is in USD/CAD, which has been mired in a 65 pip vary over the previous week, and this takes place after a notable assist break forward of year-end. The Canadian Dollar has been quiet of current, and the USD the identical; however tomorrow brings Canadian CPI adopted by a Financial institution of Canada charge choice, setting the stage for a doable break. Within the webinar, assist and resistance was in focus with the resistance aspect of the pair exhibiting potential at 1.3102, 1.3132-1.3150 after which the zone across the 1.3200-handle. Beneath present worth motion, present assist at 1.3025 exhibits simply forward of the 1.3000 large determine; after which the 1.2950 January swing low exhibits.
USD/CAD 4-Hour Value Chart
Chart ready by James Stanley; USDCAD on Tradingview
US Greenback Runs into Resistance, Claws Again Late This autumn Loss
The final week of 2019 noticed the US Dollar fall from a key zone of resistance all the way down to a recent five-month-low; ultimately discovering assist at a Fibonacci degree at 96.47. Since then, nonetheless, and for a lot of 2020, buyers have been clawing back that move and yesterday noticed a recent three-week-high as price…