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USDCAD D1 01 27 2020 1055

 

A medium-long term increase is expected on the USD/CAD currency pair, according to our daily and weekly analysis. The stochastic oscillator is positive, the RSI oscillator is above 50, and the uptrend pattern is in progress. The price is above EMA 50, EMA 100, and EMA 200. It may rise to close the gap on the weekly chart, at 1.3650. The MACD indicator has a positive value on the weekly chart, and the price has already reached EMA 20, EMA 50, and EMA 100.
The most important data from this week:
January 29
FOMC rate decision (1.50% expectation); (1.50% previous)
Jerome Powell press conference
January 30
US GDP Q4 (2.2% expectation); (2.1% previous)
January 31
Canada GDP (1.2% previous)

USDCAD W1 01 27 2020 1053

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