Targets for dollar @ $96.45, and with a further breakdown $95.90 - $95.65. Gold will go up to 1360ish, then reverse. Retail Sales had the steepest fall since September 2009. Initial jobless claims up 4k from previous, while Cpi showed no growth. PPI fell for the second month in a row with price of goods dropping .8%, the largest decrease since September 2015....
Long then big retracement at 1360 ish
Long then big retracement at 1360 ish
The USDCAD is in the process of completing an inverse head and shoulders formation on the daily charts .
From a technical perspective, the USD/MXN turned bullish on Monday after breaking a multi-day range above 19.20. It rose initially to 19.32 and then pulled back to 19.20 before resuming the upside. The next target is seen around 19.45/50. The mentioned area could limit the upside, but if it continues to rise on top, 19.75 is the next strong resistance.
The next target is seen around 19.45/50. The mentioned area could limit the upside, but if it continues to rise on top, 19.75 is the next strong resistance. After a pullback to the 19.20 area, the USD/MXN resumed the upside, and it reached at 19.42, the highest level since January 8. It is holding near the top with a bullish tone.
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The unstable situation between Canada, China, and the US. With the new America first policy or widely known as MAGA Canadian industry is getting slammed. Canadian steel and aluminium and infrastructure is heavily interconnected in america. Trump is now all american steel, aluminum and construction. This has detrimental effects to Canadian economy as my nation is...