Last Friday , unexpected inflation rate let USDCAD be neutral; because possible rate-hike happened in July, let USDCAD break down 1.33to 1.326. Actually, if there were not news about rate rise in future, USDCAD could not down to level because of low oil price and weaker economy. Right USDCAD is at a cross of the road. Be careful to trade in this level; low inflation rate and rate-hike in future have a battle here.
If you trade USDCAD.just using my analysis to make your decision about S/L and T/P break up 1.330 is bullish, down under 1.3166 is bearish
If you trade USDCAD.just using my analysis to make your decision about S/L and T/P break up 1.330 is bullish, down under 1.3166 is bearish
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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.