USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS
#USDCAD
USDCAD is currently in a rather RANGE range. The reason is that OIL is slightly RANGE and USD is slightly DOWN. Also, MARKETS RISK has been OFF again. And the US CPI data was very good. So now USD has become very STRONG. US RETAIL SALES DATA was also very POSITIVE. As a result, the sentiment related to USD became STRONG in recent days. But now with good DEMAND for US YEILD, USD is moving UP. USD received a very good UP from US LABOR DATA. Due to this reason, STOCKS can continue to move DOWN SIDE if the USD goes up like this in the coming days.
USDCAD MARKET is currently RANGE because US DATA and UPDATES are POSITIVE and MARKET SENTIMENT is temporarily POSITIVE. We think it will go DOWN to 1.3155 LEVEL before going UP again with MARKET RISK ON SENTIMENT.
Somehow there will be opportunity to BUY USDCAD up to 1.4049 LEVEL. We wait until the UPSIDE TREND CONTINUES. FOLLOW THE STRUCTURE GIVEN.
USDCAD is currently in a rather RANGE range. The reason is that OIL is slightly RANGE and USD is slightly DOWN. Also, MARKETS RISK has been OFF again. And the US CPI data was very good. So now USD has become very STRONG. US RETAIL SALES DATA was also very POSITIVE. As a result, the sentiment related to USD became STRONG in recent days. But now with good DEMAND for US YEILD, USD is moving UP. USD received a very good UP from US LABOR DATA. Due to this reason, STOCKS can continue to move DOWN SIDE if the USD goes up like this in the coming days.
USDCAD MARKET is currently RANGE because US DATA and UPDATES are POSITIVE and MARKET SENTIMENT is temporarily POSITIVE. We think it will go DOWN to 1.3155 LEVEL before going UP again with MARKET RISK ON SENTIMENT.
Somehow there will be opportunity to BUY USDCAD up to 1.4049 LEVEL. We wait until the UPSIDE TREND CONTINUES. FOLLOW THE STRUCTURE GIVEN.
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