Tickmill’s Investing Diva, USDCAD Daily Outlook 09-04-20
<p>USDCAD Daily Outlook – On Wednesday House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer in the US called for more than $500 billion in additional Coronavirus funding, While the European Union finance ministers failed to agree on a 500 billion-euro package to mitigate the economic impact of the pandemic.</p>
<p>Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the <a href="https://www.youtube.com/channel/UCygXlFW43dWBKnNty1s-W_g">Tickmill YouTube channel</a> and support us by liking and sharing this video with your forex trading friends.</p>
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<p>On Thursday we’ll be looking at Canada’s unemployment rate as well as the US initial jobless claims for April 4th… We’ll also be eyeing China’s CPI which could potentially impact the AUD crosses.</p>
<p>Today I’m looking at the USD/CAD pair which has been supported above 1.4 since March 26th after it broke below the Ichimoku cloud on the 4-hour chart. The future cloud appears bearish and a break below the 1.4 support level could open doors for the bears to push the prices down towards the 50% Fibonacci retracement level of 1.38.</p>
<p>Will you be trading CAD crosses during and after Canada’s employment report? Head over to the Comments section and let me know.</p>
<p><strong>Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.</strong></p>
<p><strong>High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% and 70% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.</strong></p>
<p>The post <a rel="nofollow" href="https://blog.tickmill.com/fund-analysis/tickmills-investing-diva-usdcad-daily-outlook-09-04-20/">Tickmill’s Investing Diva, USDCAD Daily Outlook 09-04-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>