🔔🔔🔔USD/CAD news:
👉All eyes are on the Bank of Canada (BoC) this Wednesday, as markets widely anticipate another interest rate cut—the seventh consecutive one. This time, expectations are for a 25-basis-point reduction, mirroring the move made in January.
👉Meanwhile, the Canadian Dollar (CAD) has been weakening, retreating from last week's highs and approaching the 1.4500 mark against the US Dollar (USD).
👉Adding to the uncertainty, Canada’s inflation data is now under scrutiny. In February, the annual inflation rate, measured by the Consumer Price Index (CPI), inched up to 1.9% from the previous 1.8%. At the same time, the BoC’s core CPI rose for the second consecutive month, reaching 2.1% year-over-year, surpassing the central bank’s target.
Personal opinion:
👉The USD/CAD pair will still maintain an uptrend in the near future. The tariff policies between Canada and the United States have made the CAD, a riskier currency, suffer more damage.
👉The US 10-year bond yield and DXY rebounded, adding more pressure to the CAD
Analysis:
👉Based on important resistance - support levels combined with standard pivot points and EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy USD/CAD 1.4375 - 1.4390
❌SL: 1.4340 | ✅TP: 1.4440 - 1.4480 - 1.4520
FM wishes you a successful trading day 💰💰💰
👉All eyes are on the Bank of Canada (BoC) this Wednesday, as markets widely anticipate another interest rate cut—the seventh consecutive one. This time, expectations are for a 25-basis-point reduction, mirroring the move made in January.
👉Meanwhile, the Canadian Dollar (CAD) has been weakening, retreating from last week's highs and approaching the 1.4500 mark against the US Dollar (USD).
👉Adding to the uncertainty, Canada’s inflation data is now under scrutiny. In February, the annual inflation rate, measured by the Consumer Price Index (CPI), inched up to 1.9% from the previous 1.8%. At the same time, the BoC’s core CPI rose for the second consecutive month, reaching 2.1% year-over-year, surpassing the central bank’s target.
Personal opinion:
👉The USD/CAD pair will still maintain an uptrend in the near future. The tariff policies between Canada and the United States have made the CAD, a riskier currency, suffer more damage.
👉The US 10-year bond yield and DXY rebounded, adding more pressure to the CAD
Analysis:
👉Based on important resistance - support levels combined with standard pivot points and EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy USD/CAD 1.4375 - 1.4390
❌SL: 1.4340 | ✅TP: 1.4440 - 1.4480 - 1.4520
FM wishes you a successful trading day 💰💰💰
註釋
Hit +50 pips from 1.4390 Congratulation交易結束：目標達成
USD/CAD is falling and touching the SMA200(2H) support zone
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Join now !!!!
Channel: signals - knowledge and FOREX comments
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Channel: signals - knowledge and FOREX comments
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。