USDCAD Wave Analysis 16 February, 2021

February 16, 2021 at 03:53PM

• USDCAD reversed from support level 1.2600

• Likely to reach resistance level 1.2760

USDCAD currency pair recently reversed up from the pivotal support level 1.2600 (which stopped the previous impulse wave 5 with the daily Morning Star in January).

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

The support zone near the support level 1.2600 was strengthened by the lower daily Bollinger Band.

Given the oversold daily Stochastic – USDCAD is likely to rise further toward the next resistance level 1.2760 (the top of the previous daily Doji).

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/usdcad-wave-analysis-16-february-2021-20210216/
Selected by fonecable.com

Search Web: USDCAD Wave Analysis 16 February, 2021

About Post Author

fonecablecom

marketing@fonecable.com

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

Pound Sterling Price News: GBP/USD firm as soft CPI pressures Dollar, BoE stance supports Sterling 18 December 2025

GBP/USD surges during Thursday’s North American session as following the release of a benign US inflation report and a “hawkish” rate cut by the Bank of England (BoE). The pair trades at 1.3410 up 0.28% after reaching a daily low of 1.3340. Read More...

United States Kansas Fed Manufacturing Activity dipped from previous 18 to -3 in December 18 December 2025

United States Kansas Fed Manufacturing Activity dipped from previous 18 to -3 in December

EUR: ECB holds rates, EUR rebounds on forecast upgrade – TDS 18 December 2025

The European Central Bank (ECB) left policy unchanged as expected, but upward revisions to growth and inflation forecasts triggered a reversal of pre-decision EUR weakness, even as enthusiasm around late-2026 rate hikes remains tentative, TDS' economists report.

GBP/USD firm as soft CPI pressures Dollar, BoE stance supports Sterling 18 December 2025

Micron pops on earnings — My resistance levels here 18 December 2025

Micron Technology put in a strong move higher on earnings after the bell yesterday, beating both earnings and revenue expectations.

Pfizer stock: One trendline holds the key to everything 18 December 2025

Pfizer (PFE), the pharmaceutical powerhouse behind blockbuster drugs and vaccines, is trading at a technical inflection point where a single line on the chart tells a fascinating story.

United States EIA Natural Gas Storage Change came in at -167B, above forecasts (-169B) in December 12 18 December 2025

United States EIA Natural Gas Storage Change came in at -167B, above forecasts (-169B) in December 12

EUR/JPY weakens as ECB holds rates and BoJ hike bets support the Yen 18 December 2025

The Euro (EUR) trades on the back foot against the Japanese Yen (JPY) on Thursday, as the European Central Bank’s (ECB) decision to keep interest rates unchanged failed to weaken the Yen, which remains supported by firm expectations of a Bank of Japan (BoJ) rate hike on Friday.

WH Adviser Hassett: Not going to declare victory yet 18 December 2025

White House Adviser Kevin Hassett said that the core inflation is only 1.6%. He also claimed that we've got high growth and core inflation is about where we should be at a public appearance on Thursday.

GBP: BoE cuts rates in tight 5–4 vote – Rabobank 18 December 2025

The Bank of England (BoE) cut Bank Rate by 25bp to 3.75%, as expected. The 5-4 vote split was also in line with expectations, though markets had probably hoped for a stronger majority after yesterday’s inflation surprise, Rabobank's Senior Macro Strategist Stefan Koopman report.

GBP: BoE signals endgame for easing – TDS 18 December 2025

The Bank of England (BoE) delivered a closely split rate cut as expected, stressing that policy decisions will become more finely balanced as the easing cycle nears its end, with only one more cut likely in early 2026, TDS' economists report.

Gold rebounds as US CPI misses expectations 18 December 2025

Gold (XAU/USD) rebounds on Thursday, trimming earlier losses after US inflation data surprised to the downside. At the time of writing, XAU/USD trades around $4,337, pressing against the upper end of the familiar range that has dominated price action so far this week.

ECB Press Conference: Lagarde speaks on policy outlook after keeping rates steady in December 18 December 2025