EURCAD Lower
I like EURCAD lower here
2 year yield differentials for EURCAD are pointing lower, EURCAD has been following this fairly closely - i think it should continue lower with the BoC somewhat matching the feds hiking pace and the ECB still looking to start theirs.
Europe also has a lot of potential issues to deal with in their economy as well due to rising energy prices and geopolitical uncertainty while Canada is benefitting from a strong terms of trade on the back of rising energy prices.
nice triple top on a key resistance area so this should help support the downside.
Not trading/investment advise, feedback welcome!
2 year yield differentials for EURCAD are pointing lower, EURCAD has been following this fairly closely - i think it should continue lower with the BoC somewhat matching the feds hiking pace and the ECB still looking to start theirs.
Europe also has a lot of potential issues to deal with in their economy as well due to rising energy prices and geopolitical uncertainty while Canada is benefitting from a strong terms of trade on the back of rising energy prices.
nice triple top on a key resistance area so this should help support the downside.
Not trading/investment advise, feedback welcome!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.