A more dovish fed receiving softer data has brought the USDCAD mostly on par over a longer period of time. The link between the two economies has helped form a very tentative downtrend over the last month.
We are now arriving at Key Technical Price Action areas amid a clear downtrend.
Swings entries/exits noted, likely to go inline with CB trajectory for the respective economic zones.
We are now arriving at Key Technical Price Action areas amid a clear downtrend.
Swings entries/exits noted, likely to go inline with CB trajectory for the respective economic zones.
Note
Key Resistance hit. Ideal Short setup into Mon On Technicals.Note
Shorts very ideal.
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Related publications
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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.