Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

USD/CAD capped by 20-day SMA

FXstreet.com (Córdoba) - The USD/CAD rose to retest daily highs following the latest string of US and Canada's economic data.

While Canadian manufacturing shipments grew 1.0% in October, well above the -0.2% expected, US CPI stood unchanged in November, missing expectations while the current account deficit unexpectedly narrowed. Against this backdrop, the USD/CAD saw a quick spike toward 1.0595, from 1.0585 pre data, but lacked momentum to break above the 20-day SMA and pulled back.

USD/CAD levels to watch

At time of writing, the USD/CAD is trading at the 1.0590 area, virtually unchanged since opening. If the pair breaks above 1.0600 next resistances could be found at 1.0620 (200-hour SMA) and 1.0655 (Dec 12 high). On the other hand, supports are seen at 1.0575 (daily low) and 1.0560 (Dec 12 low).

US Redbook index (MoM) rises to -1.4% in December 8; 2.9% (YoY)

Read more Previous

USD/CHF’s prohibit progress?

USD/CHF continues navigating around 2-year lows despite last week’s attempt to break through immediate resistance at 0.89.
Read more Next