¡La leyenda en el equipo de InstaSpot!
¡Leyenda! ¿Cree que es una retórica grandilocuente? Pero, ¿cómo deberíamos llamar a un hombre, que se convirtió en el primer asiático en ganar el campeonato mundial de ajedrez júnior a los 18 años y en el primer Gran Maestro indio a los 19 años? Ese fue el comienzo de un camino difícil hacia el título de Campeón del Mundo para Viswanathan Anand, el hombre que se convirtió en parte de la historia del ajedrez para siempre. ¡Ahora una leyenda más en el equipo de InstaSpot!
Borussia es uno de los clubes de fútbol con más títulos en Alemania, que ha demostrado repetidamente a los fanáticos: el espíritu de competencia y liderazgo que ciertamente conducirán al éxito. Opere de la misma manera que los profesionales del deporte: con confianza y de forma activa. ¡Mantenga un "pase" del Borussia FC y lidere con InstaSpot!
USD/CAD is trading in the red at 1.2601 at the time of writing. In the short term, the bias is bearish after the rebound ended. The Dollar Index's retreat forced the USD to lose ground versus its rivals. The pair could come back to test and retest the immediate downside obstacles. A temporary drop was somehow expected after registering a sharp swing higher.
It remains to see what will really happen as the BOC and FOMC are seen as high-impact events. As you already know, the Bank of Canada is expected to keep its monetary policy unchanged, to hold the Overnight Rate at 0.25%. On the other hand, the Federal Reserve could really shake the markets. The Federal Funds Rate is expected to remain at 0.25% in the January meeting but anything could happen as the inflationary pressure is high. The FED is expected to hike rates three times during the year and end its pandemic QE program.
The FOMC Statement, FOMC Press Conference, BOC Rate Statement, and the BOC Press Conference could bring high volatility and sharp movements.
As you can see on the h4 chart, the pair found resistance at the downtrend line, R2 (1.2674), and above the ascending pitchfork's median line (ml). Now, it could reach and retest 1.2570 static support. After its false breakouts, a temporary downside movement is natural.
As long as it stays under the downtrend line, USD/CAD could extend its downside movement. Still, the price action signaled that the downwards movement ended around the 1.2453 level. Staying near the downtrend line could announce an imminent upside breakout.
The current retreat could end around 1.2570. A minor drop was natural after reaching the near-term resistance levels and after its amazing rally. The decline could help the buyers to catch new buying opportunities from around the immediate support levels. A valid breakout above the downtrend line could really announce a strong leg higher.
*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.
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