The USD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 1.4034
2nd Resistance – 1.4131
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Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 1.4034
2nd Resistance – 1.4131
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Best Regards, KABHI_TA_TRADING
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Trade active
Order PlacedNote
Note
Fundamental Updates : ⚠️⚠️1️⃣.BoC Pauses Interest Rate Cuts.
The Canadian dollar got stronger, stopped lowering interest rates, which helped the Canadian dollar.
2️⃣. The dollar Weak, losing value because people are worried about new taxes on imports (tariffs) and are unsure about how these taxes will be applied. This uncertainty is causing investors to move their money to other countries.
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📞📞Telegram me @t.me/kabhidhan
Related publications
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.