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[QUOTE="Mikhail Kurakin, post: 195847, member: 2368"] [b]USD/CAD: the pair ends the week with flat dynamics[/b] Current trend Today during the Asian session, the USD/CAD pair is growing slightly, compensating for the decline yesterday, which prevented the formation of a corrective uptrend in the ultra-short term. Yesterday’s US positive macroeconomic statistics on Initial Jobless Claims supported the "bullish" sentiment for the dollar; however, USD growth was still limited by the unclear prospects of the US FRS monetary policy. Although several bank representatives admitted that they are ready to discuss curtailing stimulus measures, the department does not plan to rush with them. On Friday, the market expects the publication of a block of US macroeconomic statistics on the dynamics of personal income and spending for April, which may hint at the future policy of the American regulator. Support and resistance On the daily chart, Bollinger Bands reverse into a horizontal plane. The price range practically does not change but it remains spacious enough for the current level of activity for the instrument. The MACD indicator grows, maintaining a relatively strong buy signal (the histogram is above the signal line). Stochastic demonstrates similar dynamics, being located approximately in the center of its working area. However, its current readings are slightly correlated with the real dynamics in the market. Technical indicators do not contradict the possible resumption of the correctional growth of the US currency soon. Resistance levels: 1.2143, 1.2200, 1.2245, 1.2300. Support levels: 1.2060, 1.2000, 1.1930. [img]https://media.clawshorns.com/uploads/files/3f11a81d7651c55452f42e06821ed058.png[/img] [img]https://media.clawshorns.com/uploads/files/ed18b5cd34789c7a1f56ba316a945152.png[/img] [/QUOTE]
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