USD/CAD Trend During US Trading Session
USD/CAD news:
🔆The USD/CAD pair rose to 1.4200 during the European session on Friday, after hitting a three-day low of 1.4166. The pair gained momentum as the US dollar recovered, with the US Dollar Index bouncing back near 106.65 after hitting a yearly low of 106.30 the previous day.
🔆However, the greenback's recovery appears to be temporary, as its risk premium eases while investors assess US President Donald Trump's tariff policies
🔆On monetary policy, Federal Reserve officials kept interest rates at current levels, citing uncertainty over Trump's trade and tax plans.
🔆Investors are now awaiting Canada's December Retail Sales data and a speech by BoC Governor Tiff Macklem at an event in Mississauga, Ontario.
Personal opinion:
🔆The dollar continues to decline, mainly due to President Trump's unclear tariff policies. Although traders still believe that the Bank of Canada (BoC) will further loosen monetary policy.
Technical analysis:
🔆Based on important support - resistance and Fibonacci levels combined with SMA indicator
Plan:
🔆Price Zone Setup:
👉Sell USD/CAD 1.4198 – 1.4215
❌SL: 1.4255 | ✅TP: 1.4160 – 1.4120 – 1.4080
FM wishes you a successful trading day 💰💰💰
🔆The USD/CAD pair rose to 1.4200 during the European session on Friday, after hitting a three-day low of 1.4166. The pair gained momentum as the US dollar recovered, with the US Dollar Index bouncing back near 106.65 after hitting a yearly low of 106.30 the previous day.
🔆However, the greenback's recovery appears to be temporary, as its risk premium eases while investors assess US President Donald Trump's tariff policies
🔆On monetary policy, Federal Reserve officials kept interest rates at current levels, citing uncertainty over Trump's trade and tax plans.
🔆Investors are now awaiting Canada's December Retail Sales data and a speech by BoC Governor Tiff Macklem at an event in Mississauga, Ontario.
Personal opinion:
🔆The dollar continues to decline, mainly due to President Trump's unclear tariff policies. Although traders still believe that the Bank of Canada (BoC) will further loosen monetary policy.
Technical analysis:
🔆Based on important support - resistance and Fibonacci levels combined with SMA indicator
Plan:
🔆Price Zone Setup:
👉Sell USD/CAD 1.4198 – 1.4215
❌SL: 1.4255 | ✅TP: 1.4160 – 1.4120 – 1.4080
FM wishes you a successful trading day 💰💰💰
Note
Hit + 25 pips from 1.4200💰💰💰
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
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Channel: signals - knowledge and FOREX comments
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.