USDCAD LOOKING FOR SHORT FUNDAMENTAL+TECHNICAL
Updated
Looking for sell this pair reason
FUNDAMENTAL
============
US DOLLAR
-We have know Fed has cut the Interest Rate 3x Before This
-Still Using Loose Policy
-The Fed released the minutes from its October policy meeting, where it cut interest rates for a third time this year.
-"The meeting notes, released Wednesday, underline that the central bank plans to leave its policy unchanged for some time, even as" -newyorktimes
-WASHINGTON — Federal Reserve officials do not plan to cut interest rates again unless economic data begins to show cracks, a message reinforced by the minutes from their October meeting -newyorktimes
CANADA DOLLAR
Holding Interest Rate at 1.75%
Bank of Canada Governor Stephen Poloz said he thinks that monetary conditions are "about right" given the situation. He is speaking at a fireside chat in Toronto.
-Canadian economy is in a good place overall
-We're still quite stimulative where we are today
-We want to do whatever we can to boost trend line
-Starting to see glimmer of response in global easing
-Global financial conditions have eased a lot
Longterm For Usd Cad Is Looking For Sell Opportunity
In This Analysis maybe its will go hit our stoploss but we will still looking at another supply / resistants for sell position
FUNDAMENTAL
============
US DOLLAR
-We have know Fed has cut the Interest Rate 3x Before This
-Still Using Loose Policy
-The Fed released the minutes from its October policy meeting, where it cut interest rates for a third time this year.
-"The meeting notes, released Wednesday, underline that the central bank plans to leave its policy unchanged for some time, even as" -newyorktimes
-WASHINGTON — Federal Reserve officials do not plan to cut interest rates again unless economic data begins to show cracks, a message reinforced by the minutes from their October meeting -newyorktimes
CANADA DOLLAR
Holding Interest Rate at 1.75%
Bank of Canada Governor Stephen Poloz said he thinks that monetary conditions are "about right" given the situation. He is speaking at a fireside chat in Toronto.
-Canadian economy is in a good place overall
-We're still quite stimulative where we are today
-We want to do whatever we can to boost trend line
-Starting to see glimmer of response in global easing
-Global financial conditions have eased a lot
Longterm For Usd Cad Is Looking For Sell Opportunity
In This Analysis maybe its will go hit our stoploss but we will still looking at another supply / resistants for sell position
Trade closed: target reached
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