There is potentially a big, multi-week down trend in USD/CAD.
Immediate and key supports are at 1.3050 and 1.2950.
Above 1.3180 negates the call.
Once 1.2950 breaks, USD/CAD is going to fall off the cliff.
Many other catalysts are aligning to support this view:
potential resolution to NAFTA, increase chance of a BOC rate hike after some strong data, continued up trend in crude oil etc.
Immediate and key supports are at 1.3050 and 1.2950.
Above 1.3180 negates the call.
Once 1.2950 breaks, USD/CAD is going to fall off the cliff.
Many other catalysts are aligning to support this view:
potential resolution to NAFTA, increase chance of a BOC rate hike after some strong data, continued up trend in crude oil etc.
註釋
USD/CAD has broken the key 1.2950 support. Although there has been no sign of stop loss triggering, not much downside acceleration so far, I believe the stage is set for further falls.Yesterday’s partial US-Mexico trade agreement, followed by Canada resuming talks today, were main reasons for the fall from 1.3040 to 1.2950.
But other catalysts also seem good for CAD: crude oil is rising near $70 again. The next push could be from Canada GDP data tomorrow (Wed). Looks like a strong data will seal the call for a BOC rate hike in Oct!
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。
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。