In Canada the interest rate remained without changes on 0.75 that had to lead to continuation of growth of a currency pair. However increase of the ISM index led to consolidation of dollar. After which the market immediately reacted the strong directed correction to the level 1.2410 that is the lower bound of the ascending trend.
Main movement of currency pair
In the morning hours the market will show passivity waiting for primary requests for grants. However the insignificant ascending orientation can remain. After the publication of news and also if the currency pair manages to get fixed above the level 1.2460, it will be desirable to take buying positions to the upper bound of the ascending trend, namely 1.2560.
Alternative movement of currency pair
After an exit of news namely if they are out of phase with expectations, it can lead to continuation of the correctional movement. If the price gets fixed below the level 1.2380, it will be necessary to take salling positions to the level 1.2310.
Level of resistance:1.2460, 1.2560.
Level of support:1.2410, 1.2380 , 1.2310.
Main movement of currency pair
In the morning hours the market will show passivity waiting for primary requests for grants. However the insignificant ascending orientation can remain. After the publication of news and also if the currency pair manages to get fixed above the level 1.2460, it will be desirable to take buying positions to the upper bound of the ascending trend, namely 1.2560.
Alternative movement of currency pair
After an exit of news namely if they are out of phase with expectations, it can lead to continuation of the correctional movement. If the price gets fixed below the level 1.2380, it will be necessary to take salling positions to the level 1.2310.
Level of resistance:1.2460, 1.2560.
Level of support:1.2410, 1.2380 , 1.2310.
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