Approach the USDCAD with flexibility...
The USDCAD has been reacting to the 1.29 level with volatility. Through Friday's trading session, the USDCAD broke above 1.29 due to strength in the DXY.
Current trading lower from the resistance of 1.29, I am anticipating further upside on the USDCAD with recent weaker than expected economic data releases for the CAD
Price could retest the 1.28 support before rebounding up, or, a downward move could be stalled to break higher from 1.29.
The USDCAD has been reacting to the 1.29 level with volatility. Through Friday's trading session, the USDCAD broke above 1.29 due to strength in the DXY.
Current trading lower from the resistance of 1.29, I am anticipating further upside on the USDCAD with recent weaker than expected economic data releases for the CAD
Price could retest the 1.28 support before rebounding up, or, a downward move could be stalled to break higher from 1.29.
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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.
Join my mailing list jindaotai.com/joinme
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.