this location on usdcad is important
1) EURUSD, GBPUSD, USDJPY, USDCHFthese 4 majors are strong dollar
2) USDCAD is strong cad, overriding USD strength
3) it may be the commodity relationship, AUDUSD and NZDUSD are being sandwiched between the flows of the commodity relationship vs USD strength
so watch next week, there is NFP watch if USDCAD confirms support or breaks support it hence this area is key and important.
1) EURUSD, GBPUSD, USDJPY, USDCHFthese 4 majors are strong dollar
2) USDCAD is strong cad, overriding USD strength
3) it may be the commodity relationship, AUDUSD and NZDUSD are being sandwiched between the flows of the commodity relationship vs USD strength
so watch next week, there is NFP watch if USDCAD confirms support or breaks support it hence this area is key and important.
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.
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.