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Employment data from Canada and the United States diverged sharply, as Canada published a weaker job report than expected, while American data was stronger. Pay this basic contrast USDCAD higher. However, the gathering stopped near 1.42386-The main level set by its lowest level from March 6 and 26 March. This region also represents the lower border of the monotheism, which largely contains prices since mid -December.
Although there are previous rest periods outside this “Red Box” – most of which are driven by customs tariffs – characterized by the sharp decline yesterday because it happened Although Tar tariff news. The lounge below the Red Fund was a clear technical signal, and the market reaction was initially accordingly.
Yesterday’s decline in the swing area between the area 1.4088 and 1.4104Also violated 50 % decline level From the transfer from the September 2024 decline in 1.4108. However, the sellers failed to maintain the momentum without this level, and the price did not extend towards Mobile average for 200 days in 1.39866. This gave the inability to follow the buyers an opening, and the supportive job data helped fuel the apostasy.
What now?
Despite the bounce and the basic generation, 1.42386 The level remains a decisive technical ceiling. Buyers need to break and keep this level to gain more control. Without it, the sellers remain playing. The above continuous step will also need to move through a set of resistance levels, including:
In the absence of a break above 1.42386 With momentum, the danger is less than rotation, with support goals in 1.4178 and 1.4150.
In other markets: American stocks are outside their low levels, but are still lower per day.
- S&P low -121 points.
- The Dow Industrial Mediterranean decreased
- The NASDAQ -430 points decreased as the futures contracts are applied.
In the pre -marketing trade, the Nasdak index made games with the bear market or -20 %.
The US yield is still declining, but it is its lowest levels:
- Two years return 4.586 %, -13.9 basis points
- 5 years return 3.628 %, -13.1 basis points
- 10 years return 3.938 %, -11.5 basis points
- 30 years return 4.375 % -10.8 basis points.
