Analyst from the company ForexMart (ForeksMart)
USD / CAD. 17.04. Canadian dollar shows growth
The pair US dollar against the Canadian dollar continues to consolidate and trade in the same range. Earlier this week, there's not a lot of factors that could determine the future dynamics of the pair. However, the Canadian still shows some growth, rebounded from the level of 1.3333 late last week. Today, the pair is trading near 1.3289. Strengthening the position of the Canadian currency was due to the positive economic forecasts of the Bank of Canada. Steven voiced skid projections GDP to 2.6%. On this week is expected to yield data on the consumer price index and sales in the secondary real estate market in Canada.
Today we expect the continuation of the downward movement of the lower border of the side channel. Stochastic indicator dropped to oversold territory. MACD increases from the negative zone.
USD / CHF. 17.04. "Doji" at 1.0050
Currency pair USD / CHF as a result of Friday's trading has formed a "doji" on the level of 1.0050. Pair could not overcome the resistance of 1.0030 where converged simple MA (50) and exponential MA (20). As expected, the pair consolidated within the boundaries of the flat 1.0030-1.0050. Geopolitical tensions continue to weigh on the US currency, however, the main political event of this week is the first round of presidential elections in France. Due to the terrorist attacks and the problems of emigration in France, the chances of the candidate Marine Le Pen grow, therefore the poll results to be materially affect the position of the euro and the Swiss franc, which can, on the one hand, to act as a safe haven, on the other hand, suffer from the general destabilization of the euro zone.
GBP / USD. 17.04. The pair withdrew from the outset
On Friday, the pound traded quietly, showing a moderate upward trend. The pair moved above the MA and is now trading near the 1.2546 level, breaking the resistance level of 1.2520. RSI tends to overbought area. MACD is in the positive area and continues to grow. If the pair rush up, it is recommended to open position, after the penetration resistance of 1.2575, with a mark of 1.2590. If the pair unfold downward, then after penetration of 1.2503, it is possible to open the order from the level 1.2490.
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