USD/CAD - Bullish Bias
What's Up with CAD?
BoC rate cuts have made CAD as soft as a maple syrup pancake (75bps already cut, more expected!).
U.S. flexing its economy—higher GDP and labor market stability making the USD look like a gym bro.
Trade risks—U.S. tariffs putting extra weight on CAD, dragging it down.
Oil prices on a rollercoaster—falling oil = weaker CAD, pushing USD/CAD higher. (Canada loves oil money, so when oil dips, CAD trips.)
Technical Setup (1H Timeframe)
Support Level Holding Strong around 1.4370-1.4380—buyers stepping in like bouncers at a club.
Resistance Wick at 1.4440-1.4450, where price got slapped down harder than a bad stock pick.
FVG (Fair Value Gap) below support—price might tap it before liftoff.
Moving Averages Drama:
50MA (pink) & 200MA (dark red) sandwiching price like a grilled cheese.
35SMAA (blue & green) showing short-term momentum.
What's Up with CAD?
BoC rate cuts have made CAD as soft as a maple syrup pancake (75bps already cut, more expected!).
U.S. flexing its economy—higher GDP and labor market stability making the USD look like a gym bro.
Trade risks—U.S. tariffs putting extra weight on CAD, dragging it down.
Oil prices on a rollercoaster—falling oil = weaker CAD, pushing USD/CAD higher. (Canada loves oil money, so when oil dips, CAD trips.)
Technical Setup (1H Timeframe)
Support Level Holding Strong around 1.4370-1.4380—buyers stepping in like bouncers at a club.
Resistance Wick at 1.4440-1.4450, where price got slapped down harder than a bad stock pick.
FVG (Fair Value Gap) below support—price might tap it before liftoff.
Moving Averages Drama:
50MA (pink) & 200MA (dark red) sandwiching price like a grilled cheese.
35SMAA (blue & green) showing short-term momentum.
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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.
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.