USDCAD Higher
i like USDCAD higher here from a technical perspective, there's a hammer on the 4 hour chart and a rejection on the daily at a pretty strong support level which is a good sign for me.
narrative is good for CAD right now, but i think it is shifting towards USD. US yields jumped higher yesterday, a lot of talk about a 50bp hike in the future as well.
USDCAD is following the S&P inversely very closely right now but also the yield differentials which are starting to suggest higher for me.
Not trading/investment advise! feedback welcome
narrative is good for CAD right now, but i think it is shifting towards USD. US yields jumped higher yesterday, a lot of talk about a 50bp hike in the future as well.
USDCAD is following the S&P inversely very closely right now but also the yield differentials which are starting to suggest higher for me.
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.