arongroups

Monetary policy divergence increases in favor of the CAD

Short
OANDA:USDCAD   U.S. Dollar / Canadian Dollar

By examining the trend in the four-hour time frame, USDCAD has the resistance of the NECK LINE in the range of 1.3656-1.3643, and provided that no close candlestick of the four-hour time period is maintained and not recorded above it, the rate can reach the support of the bottom of the channel in the Fibo range. 161.8% decreased to $1.3515.

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.