Idea on a trade.
We have a nice set up USD/CAD reverses an early dip to a two-week low and draws support from a combination of factors.
Retreating Oil prices undermines the Loonie and acts as a tailwind for the pair amid a bullish USD.
Falling US bond yields might cap gains for the USD and any further appreciating move for the pair.
Retreating Oil prices undermines the Loonie and acts as a tailwind for the pair amid a bullish USD.
Falling US bond yields might cap gains for the USD and any further appreciating move for the pair.
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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.