USDCAD lower
I like USDCAD lower here overall.
the Bank of Canada was overall in line with expectations which suggesting that the fed and BoC tightening cycles will be roughly in line. From what i've read most people are taking this as a good sign for the bank of canada.
Canada also benefits from a strong terms of trade this year which should help the move lower.
There should also be strong resistance above with the BoC rate decision high and the resistance lines built around this level from the range USDCAD was stuck in earlier this year.
Not trading advise, feedback welcome.
the Bank of Canada was overall in line with expectations which suggesting that the fed and BoC tightening cycles will be roughly in line. From what i've read most people are taking this as a good sign for the bank of canada.
Canada also benefits from a strong terms of trade this year which should help the move lower.
There should also be strong resistance above with the BoC rate decision high and the resistance lines built around this level from the range USDCAD was stuck in earlier this year.
Not trading 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.