Action point reached!
So USDCAD is now near an area that need to be looking at very closely. As you see in the chart we have lots of things at the same area.
The CAD is getting stronger due to good fundamentals on Oil, and we have the FMOC to watch on Wednesday. I put in the chart both possibilities, so lets wait and see which way it wanna go and react after that. There is no need to be a hero and predict how market will move.
Like if you agree follow and support please!
The CAD is getting stronger due to good fundamentals on Oil, and we have the FMOC to watch on Wednesday. I put in the chart both possibilities, so lets wait and see which way it wanna go and react after that. There is no need to be a hero and predict how market will move.
Like if you agree follow and support please!
Note
We see here that the momentum is slowing down. With the FOMC tomorrow we should not be surprised to see it behave like this :)Note
Funny how major news happens on major areas in the chart, almost always ;) Happy pips for those who watched this level and went long!
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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.