Trade balance of the USA and Canada

As expected, the US trade balance accelerated decline in December, which can not be said about Canada’s trade balance. The trade balance of Canada remained negative, but is already much higher than the forecast. For more details about the latest news refer to the News Feed.

As a result, the pair USD/CAD continued its decline and aimed at the psychological level of 1.2600, which was a significant resistance in the middle of October. Also, this mark corresponds to the level of Fibo. 38.2 from the low of September. The resistance remains at the levels: 1.2650 and 1.2700-20.

USD/CAD H4. The current price is 1.2630.

Hanzenko Anton