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USD/CAD in the red zone

USD / CAD dollar in the red zone
The previous attempt to move the dollar in a positive direction for this pair was on September 29, and since then, there has been a downturn for the US dollar. Currently, some possible support is at 1.31000. If it breaks, we go down to 1.30000. Last night we had a debate between President Trump and the Democratic candidate Biden. Trump had dominance and thus slightly strengthened the dollar.
The financial package is still not adopted through congress. The coronavirus is spreading and recording a larger number of new cases, over 75,000. From the news this afternoon, The Manufacturing Purchasing Managers’ Index awaits us. The PMI monthly Composite Reports on Manufacturing and Services and The Service PMI release is published monthly by Markit Economics.
Canadians have no economic news today; they can only be affected today by oil price, which is rising slightly, currently at $ 40.80.

USD/CHF continued according to the bearish scenario

USD / CHF continued according to the bearish scenario
After the dollar index tested the level at 93.00, the bears retook action, and the dollar began to fall. Currently, the fight is taking place at 92.70. Who will prevail, buyers or sellers? USD/CHF rose from 0.9030 to its lowest level against the Swiss franc, favoured by stronger US dollar demand to reach 0.9080 before consolidating around 0.9070 in the late US trading session. The news that awaits us this afternoon is the Production Procurement Manager Index. The monthly summary reports on PMI production and services and the PMI edition for services are published monthly in the Markit Economics edition.
The Swiss have no economic news today. For them, the weekend can begin. Globally, new coronavirus infections are on the rise, these countries are recording record numbers of new infections, new measures are needed to combat coronavirus, but all this is stifling the economy, increasing the number of unemployed and dissatisfaction with already tortured citizens.
Both currencies are safe ports for investors for a longer period of time, although we prefer the Swiss franc.

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