USD / CAD re-testing - Analysis - 24-11-2017

USD / CAD re-testing - Analysis - 24-11-2017

The USD / CAD pair is retesting the previously breached 1.2723, with Stochastic reaching overbought areas, noting that SMA 50 meets the mentioned level to add more strength to it.

Therefore, we believe that opportunities are available for resuming the downside move in the coming period, waiting to break the 1.2665 level to facilitate the move toward our first target at 1.2470, taking into account that a breach of 1.2723 - 1.2740 will stop the suggested decline and push the price to visit 1.2927 areas. .

The trading range for today is expected among 1.2620 support and 1.2780 support

The general trend for today is bearish

Boss's Day 2018

Boss's Day is generally observed on or around October 16 in the United States. It has traditionally been a day for employees to thank their bosses for being kind and fair throughout the year. This day was created for the purpose of strengthening the bond between employer and employee.

HISTORY 

Patricia Bays Haroski registered "National Boss' Day" with the [[U.S. Chamber of Commerce]] in 1958. She was working as a secretary for State Farm Insurance Company in Deerfield, Illinois, at the time and chose October 16, which was her father's birthday. She was working for her father at the time. The purpose of designating a special day in the workplace is to show the appreciation for her bosses she thought they deserved. This was also a strategy to attempt to improve intra-office relationships between managers and their employees. Haroski believed that young employees sometimes did not understand the hard work and dedication that their supervisors put into their work and the ^[1] Four years later, in 1962, Illinois Governor Otto Kerner backed Haroski's registration and officially proclaimed the day.^[2]

Hallmark Cards did not offer a Boss's Day card for sale until 1979.^[3] It increased the size of its National Boss's Day line by 28 percent in 2007.^[4]

However, there has been increasing pushback on the "celebration" of Boss's Day. The general consensus of those opposing is that employees should not feel obligated to purchase gifts for their employers who have more power and generally make more money, and that any gift-giving in the workplace should flow downward.^[5]