USD/CAD LONG UPDATE!
TECHNICALS
The the USD has not been performing that well over the past few days hardly having a good bullish candle close on the daily time frame against the CAD.
we notice that all this bearish movement has caused market to retest support zone once again witch has been holding strongly since early June 2021.
im predicting a small bullish move, a retest then bullish continuation. to 1.25000 (potentaily higher).
FUNDEMENTALS
The news listed below will have a decent impact on weather the pair will break below support retest and keep selling till 1.23073 zone or stick to my bullish analysis. positive reports will result in bullish movement and negative may create bearish movement
14:30
USD Producer Price Index ex Food & Energy (YoY)(Sep)
USD Initial Jobless Claims(Oct 8)
USD Initial Jobless Claims 4-week average(Oct 8)
19:00
USD Fed's Williams speech
20:00
USD Monthly Budget Statement(Sep)
The the USD has not been performing that well over the past few days hardly having a good bullish candle close on the daily time frame against the CAD.
we notice that all this bearish movement has caused market to retest support zone once again witch has been holding strongly since early June 2021.
im predicting a small bullish move, a retest then bullish continuation. to 1.25000 (potentaily higher).
FUNDEMENTALS
The news listed below will have a decent impact on weather the pair will break below support retest and keep selling till 1.23073 zone or stick to my bullish analysis. positive reports will result in bullish movement and negative may create bearish movement
14:30
USD Producer Price Index ex Food & Energy (YoY)(Sep)
USD Initial Jobless Claims(Oct 8)
USD Initial Jobless Claims 4-week average(Oct 8)
19:00
USD Fed's Williams speech
20:00
USD Monthly Budget Statement(Sep)
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