USDCAD - Bullish Bias
USD - Weak Bullish
1️⃣ Investors were cautious ahead of the FOMC meeting, triggering a massive sell-off on the stock market.
CAD - Weak Bearish
1️⃣ The decline in crude oil prices is burdening CAD.
2️⃣ Canadian retail sales are projected to decline in July due to a sharp decline in wholesale sales.
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Technical
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We are looking to buy the USDCAD above the support level.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ Investors were cautious ahead of the FOMC meeting, triggering a massive sell-off on the stock market.
CAD - Weak Bearish
1️⃣ The decline in crude oil prices is burdening CAD.
2️⃣ Canadian retail sales are projected to decline in July due to a sharp decline in wholesale sales.
=====
Technical
=====
We are looking to buy the USDCAD above the support level.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.