USDCAD Simple Trade Plans
USDCAD has ranged for a significant period of time, with USD strength being considerable as of late (pre the last week or so).
BOC Macklem to speak later may change trajectory. Technical levels are labelled incase we see increased/reduced demand for USD VS CAD.
Continuing Easing from BOC faster than FED will support long side bias and could create a move out of the range. In either case, I like it long on Tech factors and the sustainable Sideways movement.
Longs lower, Shorts Higher.
BOC Macklem to speak later may change trajectory. Technical levels are labelled incase we see increased/reduced demand for USD VS CAD.
Continuing Easing from BOC faster than FED will support long side bias and could create a move out of the range. In either case, I like it long on Tech factors and the sustainable Sideways movement.
Longs lower, Shorts Higher.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.