Hey Traders, USDCAD was trading in a downtrend and successfully managed to break it out after a bunch of fed hawkish comments about the monetary policy, Fed Waller the last week mentioned that inflation is still a concern and fed still has to act, and this week we had another intervention from fed Williams confirming and pointing on the same thing mentioning inflation is still way too high so that make us expect another rate hike on early May that should trigger USD strength in the medium term. Technically we will be watching a potential retrace of the trend from 1.33 area.
Trade safe, Joe.
Trade safe, Joe.
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Free Telegram Group:
t.me/+MDJZTdS-Mw0xZTA0
The 1% Traders Club:
t.me/+C08gijSq2PMyZTVk
t.me/+MDJZTdS-Mw0xZTA0
The 1% Traders Club:
t.me/+C08gijSq2PMyZTVk
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.