USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS
⛔️ DXY is currently at 103.69 LEVEL. USD has become STRONG with RATE HIKE SENTIMENT in the last few days. Also, the CAD FEATURE is slightly up to 0.7688 LEVEL. However, CAD is a bit WEAK compared to DXY.
⛔️ Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, all currencies such as NZD CAD AUD can definitely be UP in the future. Also JPY CHF can be DOWN.
⛔️ USDCAD PRICE can be DOWN to 1.2879 LEVEL before re-UP. Then the USDCAD PRICE can be UP again up to 1.3167 LEVEL. The USD is slightly stronger at this time due to the MARKET SENTIMENT. But over time, that is likely to change. The OIL PRICE applies to USDCAD, and the decisions made in OPEC MEETING will have the greatest impact on USDCAD. It could be a DXY CORRECTION in the future because it has been BUY for the last few days. So stay tuned for that.
⛔️ Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, all currencies such as NZD CAD AUD can definitely be UP in the future. Also JPY CHF can be DOWN.
⛔️ USDCAD PRICE can be DOWN to 1.2879 LEVEL before re-UP. Then the USDCAD PRICE can be UP again up to 1.3167 LEVEL. The USD is slightly stronger at this time due to the MARKET SENTIMENT. But over time, that is likely to change. The OIL PRICE applies to USDCAD, and the decisions made in OPEC MEETING will have the greatest impact on USDCAD. It could be a DXY CORRECTION in the future because it has been BUY for the last few days. So stay tuned for that.
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.