USDCAD: Thoughts and Analysis
Today's focus: USDCAD
Pattern – Heavy Resistance
Support – 1.3514, 1.3454
Resistance – 1.3602
Hi, traders; thanks for tuning in for today's update. Today, we are looking at USDCAD daily.
What are we discussing and asking today after looking at USDCAD?
Will current heavy resistance contnue to block buyers? Does price have enough momentum in its current bull channel? Will this week's data and news be enough of an influence to set off a new break lower or higher?
Key news, US CPI, PPI, Fed meeting minutes. Canadian interest rate decision.
Good trading.
Pattern – Heavy Resistance
Support – 1.3514, 1.3454
Resistance – 1.3602
Hi, traders; thanks for tuning in for today's update. Today, we are looking at USDCAD daily.
What are we discussing and asking today after looking at USDCAD?
Will current heavy resistance contnue to block buyers? Does price have enough momentum in its current bull channel? Will this week's data and news be enough of an influence to set off a new break lower or higher?
Key news, US CPI, PPI, Fed meeting minutes. Canadian interest rate decision.
Good trading.