USDCAD

The analysis of each currency pair should begin with checking the macroeconomic calendar. Today, the US dollar is expected to announce preliminary GDP, which analysts forecast a slight improvement of 0.1% so it can be assumed that no one is expecting a surprise from the American economy. The second important reading at the same time will be the number of applications for unemployment benefits, and here also we do not expect significant differences from the recent readings. At the moment, the market behavior should be observed, because if the EU session begins to move in a specific direction, creating a strong trend, we can expect from such behavior what the macro data will be. The data scheduled for 4pm European time may be a bit worrying, as a decrease in sales of new homes in the US is forecast, which has already caused a strong volatility in the markets. The currency pair until it remains in the marked field is only suitable for short-term transactions. The support is so strong that investors buy everything at this price level also due to the close, psychological level of 1,200x