USD/CAD Forecast Poll

The price broke the 1. Crude oil is one of Canada's largest exports and as such, tends to be sensitive to fluctuations in crude oil prices and global growth expectations.

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The key countries are Germany, France, Italy and Spain. The US dollar is the reserve currency of the world. When markets are calm, this influx pushes the common currency higher. However, the eurozone has its share of economic and political issues and speculation takes its toll. While the worst may be behind us, it is always looming. The euro-zone economies are growing at a robust pace in The ECB will halve bond-buys to 30 billion euros from January However, it left the door open to extending the QE program beyond September, and this hurt the euro.

Today, as always, we do have three good trading occasions. Two of them are with CAD and have nice head and shoulders patterns, which are already up and running. Here, the price broke the up trendline red , neckline blue and the horizontal support orange. Cable is having a beautiful head and shoulders pattern.

The formation is already active as the price broke the neckline. We even tested that as a resistance. As long as we stay below the 1.

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