USDCAD
https://s3.amazonaws.com/tradingview/snapshots/h/hHEKVzcZ.png
USDCAD may find a support between 1.24 and 1.25
USDCAD may find a support between 1.24 and 1.25
Note
without indicators s3.amazonaws.com/tradingview/snapshots/h/hHEKVzcZ.png
Note
Fed made a decision to keep the int rates at 1.25% unchanged. Now USDCAD is perfectly in the range of 1.24 ~ 1.25. Technically, this pair would need a pullback to make a room to resume the down trend. The next FOMC meeting will be held in the middle of September. Happy trading!s3.amazonaws.com/tradingview/snapshots/t/TnLchguQ.png
Note
A nice V turn happened around 1.24. Expect to see 1.29 before this pair heading down. s3.amazonaws.com/tradingview/snapshots/9/9iggNl58.png
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The central bankers' meeting did lift UCAD, but didn't last too long. The pair got rejected @ 1.2778. The support lever 1.24 ~ 1.25 failed. Keep an eye on this pair between Sep 8th and Sep 21st. It could test 1.26xx again. s3.amazonaws.com/tradingview/snapshots/e/ERZZQtsv.png
Note
Bank of Canada increased the prime rate from 0.75% to 1%. It looks like this pair could test 1.19 which was seen in May, 2015. Yet, 1.26xx would still be possible. s3.amazonaws.com/tradingview/snapshots/g/gXAiAbiK.png
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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.