Hi guys. Just a few thoughts about USDCAD. It looks like a good opportunity to short this pair, it took a break from falling down with news about possible Iran deal. However, USOIL is heading to $140-150 and FED is going to increase the rate only for 25 basis points (Russian invasion of Ukraine). So it is very likely short term increase in risk sentiment combined with oil prices surging high - very strong argument to short this pair.
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.