#USDCAD rose 2% due to 3 reasons
1. DXY was rising as stock market was going through a correction
2. USoil was falling and this would make CAD weak
3. Canadian central bank cut rates and this weakens the CAD
Now...
We are looking to see a strong fall in USDCAD from here.
Best luck
1. DXY was rising as stock market was going through a correction
2. USoil was falling and this would make CAD weak
3. Canadian central bank cut rates and this weakens the CAD
Now...
We are looking to see a strong fall in USDCAD from here.
Best luck
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signalsview.com
Contcat us to activate systems and access trading signals
Contcat us to activate systems and access trading signals
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.