FUNDAMENTAL ANALYSIS USD DOLLAR has advanced last year due to FED rate hikes & hopes for more hikes. The dovish tone from the FED dropped the hope for further advance, However, FED kept the door open for one more rate hike more or less.
BOC is expected to take the rate up to 2.5 - 3.00 from 1.75. This will strengthen CAD, Moreover, OPEC is serious about taking OIL prices up, this gives advantage for CAD. ALso, US CHINA trade deal once completed, Markey will have hopes for GLOBAL Economy advance and CAD will benefit from this.
WE PREFER the SALE SIDE, WE WILL SELL EVERY HIGH AND HOLD IT.
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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.