USDCAD: Easing US Inflation And Potential Downsides
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.37200 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.37200 support and resistance area.
We would also like to consider the current easing inflation in the US as fed is more likely heading towards a rate cut which creates a dovish environment and weaken the USD.
Trade safe, Joe.
We would also like to consider the current easing inflation in the US as fed is more likely heading towards a rate cut which creates a dovish environment and weaken the USD.
Trade safe, Joe.
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