USD/CAD Outlook (4 July 2022)
Approach the USDCAD with flexibility...
The USDCAD has been reacting to the 1.29 level with volatility. Through Friday's trading session, the USDCAD broke above 1.29 due to strength in the DXY.
Current trading lower from the resistance of 1.29, I am anticipating further upside on the USDCAD with recent weaker than expected economic data releases for the CAD
Price could retest the 1.28 support before rebounding up, or, a downward move could be stalled to break higher from 1.29.
The USDCAD has been reacting to the 1.29 level with volatility. Through Friday's trading session, the USDCAD broke above 1.29 due to strength in the DXY.
Current trading lower from the resistance of 1.29, I am anticipating further upside on the USDCAD with recent weaker than expected economic data releases for the CAD
Price could retest the 1.28 support before rebounding up, or, a downward move could be stalled to break higher from 1.29.
Join my mailing list jindaotai.com/joinme
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.