The Canadian dollar hit new multi-year lows with USD/CAD trading peeking above 1.21 and peaking out at 1.2111 so far. The loonie hits the lowest since 2009 on a one-two punch from both sides of the pair. Canadian manufacturing sales dropped by 1.4% in November, around triple the early expectations for a slide of 0.5%. This came on top of a downwards revision for October: a fall of 1.1% instead of 0.6% originally reported. In the US, we did not get any significant release after the holiday yesterday, but the greenback also returned from the long weekend with fresh energies. The USD is gaining against other currencies as well, and the loonie is no different. The pair broke above the 1.2040 line that was the previous high just a few days ago and made significant gains. Below 1.20, 1.1925 provides support, and it is closely followed by 1.1888, which served as resistance earlier. The last line on the downside is the round number of 1.18 which was a swing low and also more significant support beforehand. The Bank of Canada makes its decision tomorrow and every change in the neutral statement will be closely watched. For more, see the Canadian $ prediction. And here is the chart: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next 7 Scenarios for the ECB decision Yohay Elam 7 years The Canadian dollar hit new multi-year lows with USD/CAD trading peeking above 1.21 and peaking out at 1.2111 so far. The loonie hits the lowest since 2009 on a one-two punch from both sides of the pair. Canadian manufacturing sales dropped by 1.4% in November, around triple the early expectations for a slide of 0.5%. This came on top of a downwards revision for October: a fall of 1.1% instead of 0.6% originally reported. In the US, we did not get any significant release after the holiday yesterday, but the greenback also returned from the long weekend with fresh energies.… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
