Read more

Chart of the day- USDCAD (26.02.2022)

10:24 AM 26 January 2022

A very interesting session is ahead of us. Today we will be served decisions from two central banks - the Bank of Canada (3:00 pm GMT) and the Federal Reserve (7:00 pm GMT). Therefore USDCAD currency pair may be exposed to increased volatility.

From a technical point of view, one can see downward move accelerated after the pair broke below the neck line (purple line) of the head and shoulders pattern, however shortly after an upward correction was generated. Currently, the key resistance is located around 1.2645 which is marked with the upper limit of the local 1:1 structure. On the other hand, nearest support lies at 1.2565.

USDCAD interval D1. Source: xStation5

Share:
Back

Market News

30.06.2025
16:45

EURUSD Breaks Over 1.1750 After Dovish Fed Signals 🕊️

The EUR/USD extended its rally above 1.1750 following dovish remarks from Atlanta Fed President Raphael Bostic. He expressed openness to one rate cut in...

 15:43

BREAKING: Fed Dallas Manufacturing Activity Below Estimates

15:30 BST, United States - Fed Dallas Manufactuing Activity for June: actual: -12.7 forecast: -12 previously: -15.7   Another...

 15:24

US OPEN: Indices push to new highs; Financials clear Fed stress test (30.06.2025)

Indices extend above recent all-time-highs Major financial institutions pass Fed’s stress tests Moderna flu shot success boosts...
More news

Join over 1 600 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits