DOLLAR OF THE USA
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Comments economists on Canadian dollar
Canadian dollar purchases by the British clearing bank together with reduction longov on USD/CAD an abacus on IMM have provoked the further decrease in pair which, having punched bidy in the field of C$1.1665/55, bargains now nearby C$1.1630, testing the further demand in the field of C$1.1625 (76.4 % from movement C$1.1565/1.1825). Meanwhile, bidy also are noted nearby C$1.1600, at the same time dealers inform about oferah around the previous support on C$1.1680. Dzhek Spitts from National Bank of Canada in Toronto, making comments on today`s dynamics luni, notices, that though its growth was considerable and there is a potential of the further movement, USD/CAD nevertheless remains in range C$1.1550/1.1850. In RBC Capital Markets, in the meantime, believe, that closing of day more low C$1.1731 will be positive event which, however, will specify in possibility of the beginning of a correctional phase. According to the analysts, the ascending trend still is saved, and falling to support on C$1.1598 and C$1.1432 will represent possibility for purchase for the purpose of pair growth in direction C$1.1875.
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