USDCAD long-term outlook
Looking at the structure of USDCAD, it is currently in Downtrend Momentum,
where price produced Low, Lower Highs and Lower Lows.
As we can relate to co-relation pairs,
if we observe OIL, there's a GAP of 85 to 90 per barrel.
It's climbing higher to cover the GAPS.
Fundamental expectation on WEDNESDAY 5th SEPTEMBER:
The CAD will raise interest rates higher by 25 basis points if not 50 basis points.
This will effect the CAD dollar to be stronger and will result for USDCAD to plunge downwards
to KEY LEVEL of 1.17000
Let me know what you think
Cheers
where price produced Low, Lower Highs and Lower Lows.
As we can relate to co-relation pairs,
if we observe OIL, there's a GAP of 85 to 90 per barrel.
It's climbing higher to cover the GAPS.
Fundamental expectation on WEDNESDAY 5th SEPTEMBER:
The CAD will raise interest rates higher by 25 basis points if not 50 basis points.
This will effect the CAD dollar to be stronger and will result for USDCAD to plunge downwards
to KEY LEVEL of 1.17000
Let me know what you think
Cheers
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