Urgent analysis for USDCAD
Hi my friends
As you see in the chart , it reacts to the bottom of the channel and if it breaks above the MA100 we can see the targets of 1.28 - 1.3 .
As you see RSI also breaks the decreasing trend line and because of that we can see short term increase.
As the inflation in EU estimated to reach about 6.8 in 2023 , DXY is increased and this caused USD pairs to decrease
Have a good day
NFA
As you see in the chart , it reacts to the bottom of the channel and if it breaks above the MA100 we can see the targets of 1.28 - 1.3 .
As you see RSI also breaks the decreasing trend line and because of that we can see short term increase.
As the inflation in EU estimated to reach about 6.8 in 2023 , DXY is increased and this caused USD pairs to decrease
Have a good day
NFA
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.