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Dollar decline in European morning trading after President Barack Obama to allow air strikes at Iraqi targets. Above all, NATO's chief called on Russia to "step back from the brink" of war, while new attacks on the Gaza border increases tension. The yen hit its highest level in two weeks against the dollar during the session, and the Swiss franc also reached the highest price in the session due to increasing concerns around political risk. Gold prices also rose as investors look for a safe place for precious metals
The Canadian dollar is one of the rising copper price in the morning, to benefit primarily due to a weaker dollar.
Later in the afternoon, towards the change in employment figures lower than expected data and the Canadian dollar retreated. I predict next week the Canadian dollar will continue to weaken further.
USDCAD
• Support: 1.0900 (S1), 1.0875 (S2), 1.0845 (S3).
• Resistance: 1.0946 (R1), 1.0985 (R2), 1.1000 (R3).
I wish for all you success.
Dollar decline in European morning trading after President Barack Obama to allow air strikes at Iraqi targets. Above all, NATO's chief called on Russia to "step back from the brink" of war, while new attacks on the Gaza border increases tension. The yen hit its highest level in two weeks against the dollar during the session, and the Swiss franc also reached the highest price in the session due to increasing concerns around political risk. Gold prices also rose as investors look for a safe place for precious metals
The Canadian dollar is one of the rising copper price in the morning, to benefit primarily due to a weaker dollar.
Later in the afternoon, towards the change in employment figures lower than expected data and the Canadian dollar retreated. I predict next week the Canadian dollar will continue to weaken further.
USDCAD
• Support: 1.0900 (S1), 1.0875 (S2), 1.0845 (S3).
• Resistance: 1.0946 (R1), 1.0985 (R2), 1.1000 (R3).
I wish for all you success.
