ANALYSIS
NQ100 Finds Support from PPIApr 14
Recovery Signals in USDCAD
The parity, which exhibited sharp declines as yesterday's US data failed to meet the expectations, crossed over the downward channel with the end of the pressure. As long as we stay above the 1.3440 region, the currency pair, which we expect to show recovery, may rise towards the 1.3500 psychological resistance, which is indicated by the Fibonacci 23.6% retracement level. On the other hand, if the 1.3440 level cannot end these decreases in possible pressures, we may encounter a new pressure towards the 1.3405 and 1.3375 supports.
