🌐Fundamental Analysis
The Canadian dollar continued to decline against the US dollar on Friday. Trump returned to threatening tariffs on Canada as trade deals remain limited. The August 1 deadline for tariffs is approaching and Canada has not made much of a move so far.
🕯Technical Analysis
USDCAD continues to rally towards the 1.4000 resistance zone. A recovery of the pair to 1.365 is a good momentum for USDCAD to break the trendline and break 1.37700. The trading strategy for next week is mainly to look for BUY points when there is a recovery of the wave structure. If the important support of the week 1.357 is broken, the uptrend will reverse.
📈📉Trading Signals
BUY USDCAD 1.365-1.363 Stoploss 1.360
BUY Break out 1.37700
The Canadian dollar continued to decline against the US dollar on Friday. Trump returned to threatening tariffs on Canada as trade deals remain limited. The August 1 deadline for tariffs is approaching and Canada has not made much of a move so far.
🕯Technical Analysis
USDCAD continues to rally towards the 1.4000 resistance zone. A recovery of the pair to 1.365 is a good momentum for USDCAD to break the trendline and break 1.37700. The trading strategy for next week is mainly to look for BUY points when there is a recovery of the wave structure. If the important support of the week 1.357 is broken, the uptrend will reverse.
📈📉Trading Signals
BUY USDCAD 1.365-1.363 Stoploss 1.360
BUY Break out 1.37700
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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.
JOIN OUR FREE TELEGRAM GROUP t.me/+7rqP7ECMjpUxMzBl
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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.