The USDCAD is a great example on how technicals and fundamentals work together.
While the USDCAD traded lower into its demand zone at 1.39, oil started selling off again and lifted the USDCAD.
If price can get above 1.412, we see 1.43 as the next upside target. The contingency is that oil keeps selling-off though.
While the USDCAD traded lower into its demand zone at 1.39, oil started selling off again and lifted the USDCAD.
If price can get above 1.412, we see 1.43 as the next upside target. The contingency is that oil keeps selling-off though.
I have been trading for 15 years!
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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.