💎 Name : USDCAD
🕐 4HR'S Chart
( ❗️ Short After Break )
🧾 : WHY IS USDCAD GOING DOWN?
Positive economic data from Canada, such as higher GDP growth, lower unemployment, or increased consumer spending, can boost the value of the Canadian dollar (CAD). A stronger CAD can cause the USD/CAD exchange rate to decrease as it takes fewer CAD to buy 1 USD.
——————————
Bullish Break
1.36100 Area
Reasons
Visible Range Hvn
Major channel Middle Band
Major Turn level
Year High Area
W / High
PB 50%
Bullish Reversal
1.38000 Area
Reasons
Major Turn level
Liquidity
Visible Range Hvn
Quarter's Area
Major Resistance
——————————
🕐 4HR'S Chart
( ❗️ Short After Break )
🧾 : WHY IS USDCAD GOING DOWN?
Positive economic data from Canada, such as higher GDP growth, lower unemployment, or increased consumer spending, can boost the value of the Canadian dollar (CAD). A stronger CAD can cause the USD/CAD exchange rate to decrease as it takes fewer CAD to buy 1 USD.
——————————
Bullish Break
1.36100 Area
Reasons
Visible Range Hvn
Major channel Middle Band
Major Turn level
Year High Area
W / High
PB 50%
Bullish Reversal
1.38000 Area
Reasons
Major Turn level
Liquidity
Visible Range Hvn
Quarter's Area
Major Resistance
——————————
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.