USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS
USDCAD is currently DOWN. This is because CAD is STRONG. They are currently working to STRONG USD. So it could be STOCKS DOWN again.
But right now USDCAD is going down very well in a DOWNSIDE CHANNEL. We think it will be down to 1.2714 LEVEL again due to some NEGATIVE SENTIMENT given by FED.
However, the USDCAD UP will have the opportunity to return to 1.3189 after the FED MEETING. We are waiting to see how to BREAK the DOWNSIDE TREND LINE.
But right now USDCAD is going down very well in a DOWNSIDE CHANNEL. We think it will be down to 1.2714 LEVEL again due to some NEGATIVE SENTIMENT given by FED.
However, the USDCAD UP will have the opportunity to return to 1.3189 after the FED MEETING. We are waiting to see how to BREAK the DOWNSIDE TREND LINE.
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