USDCAD analysis week 36( 04-10/09)
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⚡️The USD/CAD first resistance would be the 1.3600 figure. A breach of the latter will expose the August 25 high at 1.3640, closely followed by the May 26 swing high at 1.3654 and the April 28 high at 1.3667. Once those levels are cleared, the 1.3700 figure would be up next before rallying towards the March 24 daily high at 1.3804.
⚡️Conversely, if the USD/CAD drops below 1.3489, the pair could shift downwards and extend its losses toward the 200-day Moving Average (DMA) at 1.3462. Once cleared, the next stop would be the psychological 1.3400 area, and up next, the 50-DMA at 1.3345.
⚡️Share your ideas with Krado, I'm looking forward to it⚡️
⚡️Conversely, if the USD/CAD drops below 1.3489, the pair could shift downwards and extend its losses toward the 200-day Moving Average (DMA) at 1.3462. Once cleared, the next stop would be the psychological 1.3400 area, and up next, the 50-DMA at 1.3345.
⚡️Share your ideas with Krado, I'm looking forward to it⚡️
Nota
⚡️USD/CAD trades higher around 1.3590 after data releases from both countries last week.Canadian disappointing GDP data may influence the upcoming BoC's policy decision.
Nota
⚡️USD/CAD remains sideways around 1.3600 as the US and Canadian markets will remain closed on Monday on account of Labor DayNota
⚡️The US Dollar maintains its bullish mainstay as job growth remained steady in August.⚡️The BoC is expected to keep interest rates unchanged at 5% on Wednesday.
Nota
⚡️Everything is going as Krado expected, please follow my planNota
⚡️Traders are now looking forward to the BoC's policy decision before placing bets in the new direction.Nota
⚡️The actual PMI news is greater than the forecast, which is not a good outlook for goldNota
⚡️My plan was rightNota
⚡️The prospect of more Fed rate hikes and a softer risk profile will benefit the GreenbackNota
⚡️Break the resistance zone to continue rising to a higher levelNota
⚡️DXY's recovery
Nota
⚡️The market becomes more active when the American session beginsTrade attivo
Nota
⚡️The US is facing the risk of second round inflation, leaving the Fed open to raising interest rates, putting further pressure on the exchange rateTrade attivo
⚡️follow meTrade attivo
Trade attivo
Nota
⚡️The Canadian Dollar (CAD) is under downward pressure despite upbeat employment data.⚡️Investors are awaiting US CPI data, looking for further signals on the inflation outlook.
Nota
⚡️USD/CAD hovers around 1.3630 during the Asian session on Monday, attempting to snap the previous session’s losses
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